Login
Bowen Coking Coal acquires Burton Mine
ASX-listed Bowen Coking Coal Limited has been advised on its acquisition of New Lenton Coal, which currently owns a 90 per cent interest in the Lenton Joint Venture.
Jerome Doraisamy
Firm: Johnson Winter & Slattery (Bowen)
Area: Merger and acquisition
Value: Undisclosed
Key players: The JWS team was led by partners Bruce Adkins and Stuart Clague, who were assisted by partner Craig Wappett, special counsel Tom Barrett and Andrew Ricciardi and associate Haerim Nam. The firm also worked “hand-in-glove” on the transaction with Bowen legal counsel Terry Bourke.
Deal significance: The transaction is a “transformational acquisition” for Bowen, the firm said in a statement.
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, the firm noted.
Bowen executive chairman Nick Jorss said: “The acquisition of New Lenton marks another important milestone for Bowen as we continue our emergence as the next significant mining company in the Bowen Basin.”
Mr Clague added: “Having recently acted for Bowen on its acquisition of the Bluff Coal Mine, we are delighted to have acted on this next significant transaction, and to assist Bowen build its portfolio of metallurgical coal assets in the Bowen Basin.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
You can email Jerome at:
