Bowen Coking Coal Ltd fully holds the Isaac River project.
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 in favour of Global Loan Agency Services Australia Nominees Pty Limited.
Decision has been made following the inability of the Company to secure fresh capital or to negotiate alternative commercial arrangements with the Company’s two largest creditors, BUMA Australia Pty Ltd (BUMA), the Queensland Revenue Office (QRO), and the Company’s 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.

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