Why Has Bowen Coking Coal Entered Voluntary Administration?

Bowen Coking Coal, a Queensland-based mining company, has appointed voluntary administrators as of July 30, 2025, putting more than 500 jobs at risk at its Burton Mine near Moranbah. The company’s decision follows a series of financial challenges that have made its operations increasingly unsustainable in Queensland’s current regulatory environment.

Mark Holland and Shaun Fraser from McGrathNicol Restructuring have been appointed as voluntary administrators to oversee the process. According to the company’s stock exchange filing, “The administration process is expected to provide a window which will allow for a sale or recapitalisation to be completed,” suggesting that…

…

By Kristin Collier

This article was originally published by Truthout

Trump administration officials are once again exploring the possibility of selling portions of the federal government’s $1.6 trillion student loan portfolio, held by about 45 million borrowers, according to recent reporting by Politico.

Federal law dictates that such a sale cannot cost taxpayers any money. But, as Eileen Connor, executive director of the Project on Predatory Student Lending, told Politico, executing a deal that benefits both taxpayers and borrowers is nearly impossible. The federal government enjoys extraordinary powers of…

Is lending money to family the right thing to do? Or is it a moral obligation?

Consider the case of Jessie, a 33-year-old who is debt-free, runs her own business and lives comfortably after all her hard work and risk-taking. When her 29-year-old brother, Mark, recently asked her to cover four months worth of his rent, she said no.

It wasn’t because Jessie couldn’t afford it. It was because she’d been down that rabbit hole before.

Still, Jessie insists the decision isn’t an act of selfishness. It’s about establishing boundaries.

According to Lending Tree, 35% of Americans who’ve lent money to family or friends in the past reported negative consequences (1). These include hurt feelings (14%),…

A vacation might finally be on the horizon for Tammy Stinson.

That’s because after nearly 25 years of payments, Stinson’s $70,000 student-loan balance has finally been wiped out.

“I feel like I might be free now,” Stinson, 52, told Business Insider. “I can actually live my life and hopefully retire before I’m 90.”

Stinson’s student-loan forgiveness is a result of meeting her qualifying payments on an income-based repayment plan. IBR plans offer borrowers monthly payments based on their income, with forgiveness after 20 or 25 years, depending on when they first took out the loan.

President Donald Trump’s Department of Education paused IBR processing over the summer, citing ongoing litigation regarding repayment…

When Patrick O’Connell picks up the phone these days to help Prince Edward Islanders in financial distress, he’s hearing a familiar concern: the rising cost of living, which is driving people deeper into debt.

O’Connell, a licensed insolvency trustee for P.E.I. with Allan Marshall & Associates, said many of the Islanders he speaks with are struggling to make ends meet as everyday expenses continue to climb.

He said last month was the busiest his firm has ever been on the Island, handling more insolvency files on P.E.I. than ever before.

“Pretty much over 90 per cent of the people now…