Leading independent law firm Johnson Winter & Slattery has advised ASX-listed Bowen Coking Coal Limited (Bowen) on its acquisition of New Lenton Coal Pty Ltd, which currently owns a 90% interest in the Lenton Joint Venture.
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 5 million tonnes per annum.
The transaction is a transformational acquisition for Bowen. It materially enhances the scale and diversity of Bowen’s portfolio of coal assets and provides Bowen with the opportunity to establish a new processing hub in the Burton Complex.
Nick Jorss, Executive Chairman of Bowen, said “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.
The Johnson Winter & Slattery team was led by Energy & Resources Partners, Bruce Adkins and Stuart Clague, working alongside Special Counsels Tom Barrett and Andrew Ricciardi and Associate Haerim Nam. Finance Partner, Craig Wappett, assisted on security arrangements.
The Johnson Winter & Slattery team worked hand-in-glove on the transaction with the Bowen’s Legal Counsel, Terry Bourke.
Partner, Stuart Clague said “Having recently acted for Bowen on its acquisition of the Bluff Coal Mine, we are delighted to have acted on this next significant transaction, and to assist Bowen build its portfolio of metallurgical coal assets in the Bowen Basin.”
About Johnson Winter & Slattery
Johnson Winter & Slattery is an independent national Australian law firm with over 75 partners and offices across Australia. We advise major Australian and international corporations and investment funds on their most challenging transactions and disputes across Australia and surrounding regions. Working closely with clients, knowing their business, and appreciating their commercial objectives, we tailor our approach to deliver cost-effective commercial outcomes.
Daya Knapton, Communications Manager
T: +61 2 8247 9638
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