Australian miner Bowen Coking Coal reduces production rates at Burton mine complex in central Queensland due to low coal prices and high industry costs. The company aims for 0.5mt of ROM coal with reduced equipment and waste removal to preserve cash reserves and navigate market challenges.

Transition to owner-operator model in July 2025 follows the expiry of mining services agreement. Bowen focuses on productivity and quality metallurgical coal products amidst declining Platts Australia coking coal prices. Economic slowdown and reduced demand impact market, with a 14% drop in seaborne trade volumes.

Bowen anticipates medium-term price recovery post-Indian monsoon season and steel mills restocking. Australian Thermal 5500 NAR coal prices drop 7% in June quarter due to reduced demand and US tariff policies. Discussions ongoing to secure funding and refinance balance sheet for operational and growth capital funding.

As of July 11, 2025, Bowen reports unaudited closing cash balance of A$45m, including A$19m in restricted cash. Engaging with stakeholders for relief amid market downturn. Bowen remains optimistic about future price recovery and is actively seeking financial support to sustain operations.

Read more at Yahoo Finance: Bowen Coking Coal cuts Burton mine production amid market challenges