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