Burton mine complex owner Bowen Coking Coal has called in the administrators after failing to secure fresh capital or reach a suitable deal with creditors in its recent financial battles.
The company announced today that it appointed Mark Holland and Shaun Fraser of McGrathNicol Restructuring as voluntary administrators for a raft of business entities.
‘The decision to appoint administrators is very disappointing and follows the rejection on 29 July 2025 of the company’s most recent submission to the QRO (Queensland Revenue Office) for a short-term deferral of royalties,’ it stated.
‘The board’s decision also reflects the current challenging environment for the coal industry in Queensland from higher costs,…