03
Jul
01:59
Bowen secures further Hillalong funding from Sumitomo
Australian coal miner Bowen Coking Coal (Bowen) has secured further funding from Japanese conglomerate Sumitomo to proceed with Phase 2B of the farm-in agreement at Hillalong coal project located in the northern Bowen Basin, Kallanish notes.
Bowen says it has received notice of approval from Sumitomo wholly-owned subsidiary SCAP Hillalong Pty Ltd for the agreement.
Accordingly, Sumitomo will contribute a further AUD 2.5 million ($1.66m) to the wor…
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