You have 0 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Advertisement
Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

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.

user iconJerome Doraisamy 08 July 2022 Big Law
Stuart Clague
expand image

Firm: Johnson Winter & Slattery (Bowen)

Deal: Bowen has acquired New Lenton Coal, which currently owns a 90 per cent interest in the Lenton Joint Venture, which features the Burton Mine and Lenton Project as well as the existing Burton plant and infrastructure.

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

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

You need to be a member to post comments. Become a member for free today!