G+T, in close collaboration with JWS Brisbane and Perth, has successfully facilitated the sale of Bowen Coking Coal's 10% interest in the Broadmeadow East Project to MPC Lenton. JWS Brisbane and Perth represented Bowen on the acquisition side.
Located around 25km north-east of Moranbah in Queensland, the Broadmeadow East Project is Bowen’s second producing mine. As of 30 June 2023, the project has total coal resources of 32Mt and reserves of 3.1Mt.
Partner Rob Trowbridge , with the support of lawyers Katie McCracken, Stephanie Cook, and paralegal Billy Elsum, assisted Bowen Coking Coal (Bowen) in achieving successful completion of this transformative transaction which brought the Broadmeadow East Mine (BME) within Bowen’s existing Lenton Joint Venture in order to capitalise on expected synergies from operating BME with Bowen’s existing Burton complex mining operations together as one.
G+T assisted Bowen in navigating the novel structural elements of this transaction through the complexity of Bowen’s existing corporate financing, royalty and related security arrangements.
Speaking of the transaction, Rob Trowbridge commented:
“The effort from my team and the team at JWS has been phenomenal. Creating new business ventures for our client, BCB, offered us exciting and notable challenges in the market, which makes getting this milestone over the line in record time, that much sweeter. This transaction is an example to the wider market that barrier to entry can be overcome by the exception collaboration demonstrated by all parties in this deal".
