The Ellensfield South is owned and operated by the Lenton Joint Venture, in which Bowen Coking indirectly holds a 90% interest and MPC Lenton Pty Ltd (wholly-owned subsidiary of the Formosa Plastics Group) holds a 10% interest.
As of July 31, 2025, the fate of Bowen Coking Coal is in the hands of voluntarily-appointed administrators, but its board is hopeful a recapitalisation or sale of the business are still possible.
On 31 July 2025, Ben Campbell, John Park, and Joanne Dunn of FTI Consulting were appointed as Receivers and Managers, pursuant to security interests.
Decision has been made following the inability of the Company to secure fresh capital or to negotiate alternative commercial arrangements with two largest creditors, BUMA Australia, the Queensland Revenue Office, and the senior secured lender.
This came after the state’s tax authority rejected Bowen’s initial proposal on July 23. Bowen’s shares have been suspended from trading on the ASX since June 26, 2025.