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How Will Bowen Coking Coal Navigate Debt Default Amid Administration?

10:04pm on Friday 30th of January, 2026 AEDT Mining
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How Will Bowen Coking Coal Navigate Debt Default Amid Administration?

10:04pm on Friday 30th of January, 2026 AEDT
Key Points
  • Net cash outflow of AUD 658,000 from operating activities
  • Default on Taurus Senior Secured Debt Facility with 12% interest penalty
  • Total financing facilities fully drawn at AUD 132.944 million
  • Cash and equivalents at AUD 59.62 million, covering over 90 quarters of outgoings
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