Bowen Coking Coal Limited’s Acquisition of Burton Mine

Johnson Winter & Slattery advised Bowen Coking Coal Limited on the acquisition of New Lenton Coal Pty Ltd.

Bowen Coking Coal (ASX:BCB)  announced the acquisition of New Lenton Coal Pty Ltd, which currently owns a 90% interest in the Lenton Joint Venture.

The Lenton Joint Venture features the Burton Mine and Lenton Project as well as the existing Burton plant and infrastructure, which is strategically located in close proximity to existing Bowen assets and will have total processing capacity of up to 5 million tonnes per annum.

The transaction is a transformational acquisition for Bowen.  It materially enhances the scale and diversity of Bowen’s portfolio of coal assets and provides Bowen with the opportunity to establish a new processing hub in the Burton Complex.

Bowen Coking Coal is a Queensland based coking coal exploration company with advanced exploration assets.

New Lenton Coal Pty Ltd. is a wholly owned subsidiary of New Hope Corporation Ltd. 

The Johnson Winter & Slattery team was led by Energy & Resources Partners, Bruce Adkins and Stuart Clague, working alongside Special Counsels Tom Barrett and Andrew Ricciardi and Associate Haerim Nam. Finance Partner, Craig Wappett, assisted on security arrangements. JWS team worked hand-in-glove on the transaction with the Bowen’s Legal Counsel, Terry Bourke.

 

Involved fees earner: Bruce Adkins – Johnson Winter & Slattery; Tom Barrett – Johnson Winter & Slattery; Stuart Clague – Johnson Winter & Slattery; Haerim Nam – Johnson Winter & Slattery; Andrew Ricciardi – Johnson Winter & Slattery; Craig Wappett – Johnson Winter & Slattery;

Law Firms: Johnson Winter & Slattery;

Clients: Bowen Coking Coal Ltd;

Sonia Carcano

Author: Sonia Carcano