A mining giant in charge of a steel-making coal mine in north Queensland’s Bowen Basin has entered liquidation after a series of claims totalling more than $29 million from a former contractor.
It has left about 500 jobs at Bowen Coking Coal’s Burton Coal Complex in doubt.
Mark Holland and Shaun Fraser from restructuring firm McGrathNicol have been appointed as voluntary administrators.
The Burton Coal Complex entered a “low-cost, owner-operator model” earlier this month. (ABC Tropical North: Melissa Maddison)
In a statement, they said Bowen Coking Coal’s operations would continue to trade on a “business-as-usual basis while a sale and/or recapitalisation process is undertaken”.
“This includes the operations at the Burton Mine Complex…