Bowen Coking Coal has taken another big step in becoming a major mining house.

It has secured 100 per cent of shares in New Lenton Coal, which currently owns a 90 per cent interest in the Lenton Joint Venture.

The transaction represented a transformational acquisition for Bowen, the company told the ASX. 

“The Lenton Joint Venture features the Burton Mine and Lenton Project as well as the existing Burton plant and infrastructure, which is strategically located in close proximity to existing Bowen assets and will have total processing capacity of up to five million tonnes per annum. 

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“The transaction materially enhances the scale and diversity of Bowen’s portfolio of coal assets and provides the company with a unique opportunity to establish a new processing hub in the Burton Complex.”

Bowen Coking Coal has already completed the refurbishment of the kitchen and first rooms of the accommodation village.

This will support refurbishing crews and mining contractors, reducing long travel times from existing accommodation facilities in the region. 

Long lead items have been ordered and project teams assembled for the refurbishment of the coal handling and processing plant.

“The acquisition of New Lenton marks another important milestone for Bowen as we continue our emergence as the next significant mining company in the Bowen Basin,” executive chairman Nick Jorss said. 

“The Burton mine has a proven track record and has produced a coking coal brand that is known for its high quality, low ash and low sulphur. 

“In conjunction with the recent $190 million financing announcement, we look forward to bringing the Burton brand back to the seaborne market as we play our part in supplying this critical mineral into the steel industry.”