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B2Y - Bounty Mining

Discussion in 'Stocks 0-H' started by System, May 17, 2018.

  1. System

    System Administrator

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    Bounty Mining is a coking coal mining and resource development company. Bounty owns the operating Cook Colliery and coal handling plant, Cook CHPP, in the Bowen Basin in Queensland. The Company owns additional development assets in Queensland, including the Cook North Project and the Minyango Project in the Bowen Basin, and the Wongai Project in the Laura Basin.

    Bounty's strategy is to be a hard coking coal producer and exporter. To achieve this, the Company intends to expand operations at its Cook Colliery to four underground mining areas, with the intention of producing approximately 2.2 Mt per annum (on a run of mine basis) by bord and pillar mining methods. In addition, Bounty seeks to leverage the Cook CHPP to develop the Cook North Project and the Minyango Project. Bounty will also assess potential joint venture and coal toll processing opportunities at the Cook CHPP. In the longer term, Bounty plans to develop the Wongai Project

    It is anticipated that B2Y will list on the ASX during June 2018.

    http://www.bounty.com.au
     
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