Bowen seals Broadmeadow East mine stake sale
Bowen Coking Coal has sold its 10% interest in the Broadmeadow East Mine, in Queensland, to MPC Lenton, a wholly-owned subsidiary of the Formosa Plastics Group for A$13 million ($8.8 million) in cash and royalties.Bowen intends to utilise A$7 millionof the sale proceeds to repay a portion of the...