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BOWEN COKING COAL LIMITED - Corporate Spotlight

Bowen Coking Coal Ltd (ASX: BCB) is an exploration and development company with a... Bowen Coking Coal Ltd (ASX: BCB) is an exploration and development company with a portfolio of coking coal assets including Hillalong, Isaac River, Cooroorah and Comet Ridge coking coal projects, all located in the world-renowned Bowen Basin in Queensland, Australia. In addition, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) coking coal projects with Stanmore Coal Limited (ASX: SMR).More

Corporate Spotlight

Bowen Coking Coal (ASX:BCB) is a leader in coking coal exploration and development with a portfolio of coking coal assets including Broadmeadow East, Hillalong, Isaac River, Coororah and Comet Ridge coking coal projects, all located in the world-renowned Bowen Basin in Queensland, Australia.
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BCB Investor Update with The Market Herald

VIDEO

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Bowen Coking Coal Investor Updates with The Market Herald, December 2020


BCB Bowen Coking Coal on The Market Herald Dealroom - November 2020


BCB Bowen Coking Coal Raises $3 Million At $0.05/Share - The Market Herald Dealroom, October 2020


Investor Updates with Blair Sergeant, Executive Director, Bowen Coking Coal - September



Investor Updates with Blair Sergeant, Executive Director, Bowen Coking Coal - July





BCB AND THE ADVANTAGES OF COKING COAL

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  • • The merits of coal mining have long been discussed, but attention is now turning to the different types of coal on the     
  •    market
  • • Specifically, astute investors are beginning to understand that coking coal isn't easily replaced and remains essential to 
  •   the steelmaking business
  • • One of the ASX-listers taking advantage of the in-demand commodity is Bowen Coking Coal (BCB), which owns world-
  •    class assets in Queensland's Bowen Basin
  • • The company's Broadmeadow East Coking Coal Project is advancing towards shovel-ready status, with a resource 
  •    estimate of 33 million tonnes already declared
  • • This well-funded, expertly run business has a number of assets in place to continue supplying coking coal to the 
  •   growing steel business



The environmental impact of coal mining has been debated for many years now, but how many investors actually know the difference between the types of coal on the market?


To put it simply, thermal coal is used in power generation, while coking coal is used to make steel.


Or to put it more broadly, thermal coal is mostly replaceable as a power source, while coking coal has no cost-effective substitute in the steel industry.


Despite the support for hydrogen in decarbonising the iron and steel industry, the technology is still too immature and costly to displace coking coal in the near-term.


This leaves coking coal in an enviable position and Bowen Coking Coal (BCB), the ASX-listed energy stock, well placed to capitalise on the demand.

Once coal has been mined, that’s where the differences between coking coal and thermal coal really begin to emerge.

To be used as a power source, thermal coal has to be crushed into a powder and then burned to heat water into steam, which in turn runs turbines — generating electricity.


Coking coal, however, is used in the process of creating coke, which is the necessary ingredient for creating steel.

To produce coke, the coal is heated in a reducing atmosphere.  As the coal's temperature rises, it becomes plastic and fuses together, before resolidifying as coke particles.


Because of its higher carbon content and lower ash and moisture, coking coal is valued at up to three times the price of thermal coal.


It’s also less challenged by lower cost technology innovations and can’t be phased out or reduced like thermal coal, which can be partially or even fully replaced by a variety of different renewable energies.

With a lack of viable substitutes and hydrogen still considered too costly, the commodity’s primary end product, steel, is rapidly growing in demand.


This is because steel is basically the building block of modern society, used in everything from buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances and renewable energy.


The World Steel Association predicts 1.72 billion Mt of steel will be produced in 2021 with production predicted to keep rising on the back of increasing urbanisation, particularly in China and India.


The Australian Government is also planning to invest $110 billion into infrastructure spending over the next 10 years, as well as unveil two different schemes to encourage more homes to be built across the nation.


Considering it's currently estimated to take around 770 kilograms of coking coal to produce one tonne of steel — the demand for the commodity isn't set to decrease any time soon.


See full article here


BCB DELIVERS EXTREMELY POSITIVE RESULTS

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Bowen Coking Coal (ASX:BCB) delivers “extremely positive” exploration results

Energy

ASX:BCB MCAP $44.98M

Bowen Coking Coal (ASX:BCB) - Managing Director, Gerhard Redelinghuys - The Market HeraldManaging Director, Gerhard RedelinghuysSource: Bowen Coking Coal


  • Bowen Coking Coal (BCB) has announced "extremely positive" washability and coal quality results for its Hillalong Coking Coal Project
  • Early results show both of the project's seams have the potential to produce high-quality coking coal at yields of up to 87 per cent
  • The project is located in the Northern Bowen Basin of Queensland, with the maiden exploration program recently wrapping up at the site
  • Bowen has a farm-in agreement with Sumitomo Corporation for the Hillalong project, and Sumitomo now has the option of increasing its stake
  • Shares in BCB are trading down a slight 3.77 per cent at 5.1 cents each


Read the full article on The Market Herald here: https://themarketherald.com.au/bowen-coking-coal-asxbcb-delivers-extremely-positive-exploration-results-2020-08-28/

MR MATT LATIMORE JOINS THE BOARD

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17th June 2020 - The Market Herald


  • Bowen Coking Coal (BCB) has appointed Matt Latimore to the Board as a Non-Executive Director
  • This appointment follows shareholder approval of a proposed marking joint venture (JV) and finance facility with M Resources Trading
  • M Resources, which is Managed by Matt, specialises in marketing coking coal for steel manufacturing
  • The joint venture with M Resources will be used to market, promote and sell coking coal from Bowen's portfolio for blending purposes
  • In light of Matt's appointment, Non-Executive Chairman Steven Formica and Non-Executive Director James Agenbag have announced their intentions to resign no later than October 31
  • Bowen is up an even 10 per cent and shares are trading for 5.5 cents each

Bowen Coking Coal (BCB) has appointed Matt Latimore to the Board as a Non-Executive Director. 

This appointment follows shareholder approval of a proposed marking joint venture (JV) and finance facility with M Resources Trading. 


M Resources, which is Managed by Matt, specialises in marketing coking coal for steel manufacturing. 

Before this position Matt was General Manager of Sales and Marketing for Wesfarmers Curragh mine where he was responsible for the global sales of coal products to international steel mills. 


"We are delighted to have Matt join the BCB Board, which is the first formal step in solidifying the relationship we've established, the ultimately will result in the trading activities of the marketing JV, which we have no doubt will be a success," Managing Director Gerhard Redelinghuys said. 


"Matt, together with the team at M Resources, brings an enormous amount of coking coal knowledge and experience to the table, which we believe will deliver material shareholder value of the course of time," he added. 

The joint venture with M Resources will be used to market, promote and sell coking coal from Bowen's portfolio for blending purposes. 


Additionally, the transaction documents provide Bowen with a finance facility of up to $15 million with it to be used for funding the development of its Isaac River Coking Coal Project and any other projects. 


"I am very pleased to join the experienced Board of Bowen Coking Coal and work to develop and assist in marketing their extensive metallurgical coal assets in Queensland," Matt said. 


In light of Matt's appointment, Non-Executive Chairman Steven Formica and Non-Executive Director James Agenbag have announced their intentions to resign no later than October 31 2020.


Bowen is up an even 10 per cent and shares are trading for 5.5 cents each at 3:42 pm AEST. 


17th June 2020 - The Market Herald

BCB TWO NEW TARGETS AT BROADMEADOW EAST.

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15th Feb 2021 - The Market Herald 


  • • Bowen Coking Coal (BCB) has successfully identified two new exploration targets at its Broadmeadow East Project in        Queensland
  • • The recently completed drilling program at Broadmeadow confirms the extension of the Leichhardt seam beyond the         Mineral Resource area
  • • Two drill holes in the area hit the seam at depths of 52 metres and 62 metres, finding a thickened four-metre seam
  • • The drilling at Broadmeadow also intersected the previously unexplored Vermont Lower seam in two holes, from as             shallow as 36.1 metres
  • • These two new exploration targets will now be incorporated into the project's mine plan, which may be expanded to            include the areas
  • • Shares in BCB have risen 3.85 per cent to trade at 5.4 cents each

Bowen Coking Coal (BCB) has successfully identified two new exploration targets at its Broadmeadow East Project in Queensland's Bowen Basin.


The targets were defined during a recently completed drilling program at Broadmeadow East.


Firstly, the drilling confirmed the extension of the Leichhardt seam beyond the current Mineral Resource area of 33 million tonnes.

Specifically, two drill holes hit the Leichhardt seam at depths of 52 metres and 62 metres.


In addition to this, the two drill holes also found the seam had thickened to around four metres in this area - a pleasing development for BCB.


The second target defined during drilling at Broadmeadow was the previously unexplored Vermont Lower seam.


The Vermont Lower seam was intersected in two holes, from as shallow as 36.1 metres, with the cored section coming in at 2.4 metres wide.


Commenting on the finds, Bowen CEO Gerhard Redelinghuys said they would help extend the project's proposed mine layout.


"Broadmeadow East is the most advanced project in our portfolio of near‐term coking coal projects. Our recent drilling campaign forms an important part of our work to get it ready for production as soon as possible," he explained.


"Further coal quality analysis will be completed however, initial indications from the raw coal data support our view that the lower section of the Leichhardt seam contains better coking properties and a higher yield which will enable us to tailor our mining method and optimise the quality of coking coal we produce," he added.


The two new exploration targets will now be incorporated into the project's mine plan, which may be expanded to include the areas.


Following the new targets announcement, shares in Bowen Coking Coal are trading up 3.85 per cent at 5.4 cents each at 3:32 pm AEDT.


15th Feb 2021 - The Market Herald 

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