Bowen Coking Coal (ASX: BCB) will switch to an owner-operator model starting July 1, 2025, after its current contract mining services agreement with BUMA Australia ends.
CEO Daryl Edwards said the company agreed amicably with BUMA not to renew the contract. Bowen is focused on expanding and lowering costs, and this change supports those goals.
By becoming an owner-operator, Bowen aims to improve performance consistency, better align its operations, and create new opportunities across its Burton Mine Complex.
To maintain steady production, Bowen will partner with Emeco International, which will supply and maintain mining equipment. The company will also get mining production and operational support from Mining Pro.
Bowen plans to hire more staff to strengthen its experienced site management team.
Edwards said the Burton Mine Complex has recently maintained steady production while cutting costs significantly. This progress positions Bowen well to take full control of the mine plan, workforce, and fleet.
Once the transition is complete, the company expects further improvements under unified leadership.
Edwards called this shift a crucial step for Bowen’s growth plans. The company intends to expand Burton operations by adding tonnage from its Plumtree North, Isaac, and Lenton pits. It also plans to refurbish the second module at its Coal Handling and Preparation Plant (CHPP) to boost production and sales.
Bowen is actively seeking funding options to support these projects. The company remains committed to working closely with contractors, suppliers, employees, and community partners to ensure a smooth and successful transition.
Bowen Coking Coal will participate in the Noosa Mining Investor Conference from July 23 to 25 at Peppers Noosa Resort.
Related Topics:
- China’s Coal Imports Fall 6% in March Due to Low Demand, High Stocks
- UK Government Funds Coal Shipment to Support British Steel’s Furnaces
- Indonesia’s Coal Expansion Plan Faces Climate and Cost Challenges