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Bowen Coking Coal Faces $6.8M Statutory Demand, Insolvency Risk Looms

11:01am on Thursday 17th of July, 2025 AEST Mining
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Bowen Coking Coal Faces $6.8M Statutory Demand, Insolvency Risk Looms

11:01am on Thursday 17th of July, 2025 AEST
Key Points
  • Statutory demand of $6.82 million received from BUMA Australia
  • Disputed claims include Bowen's liquidated damages against BUMA
  • 21-day deadline to pay or contest to avoid insolvency proceedings
  • Potential breach of debt facility agreements if insolvency event triggered
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