Bowen Energy (BWN)

Shares / Stock Code

BWN

Stock Exchange / Sharemarket

Australian Securities Exchange

Bowen Energy Limited (BWN) is an Australian exploration company based in Brisbane, focusing on the exploration and development of coal and uranium energy resoureces in Queensland. The company has secured its own right, three coal exploration tenements in western Bowen Basin near Rolleston, south of Tarong and north of Middlemount. It was listed on the ASX on 15 February, 2007. Basically it is a coal and uranium exploration company. The Company has two projects: Uranium projects and Coal projects. Bowen Energy holds a significant land position, principally within the Bowen Basin and is exploring for coking, PCI and thermal coal deposits. Bowen Energy holds seven granted exploration leases for base metals, uranium and precious metals.

Rapid industrialisation and economic growth, particularly in China, India and Eastern Europe, has created an unprecedented global demand for coal and other mineral commodities. This demand occurs against a background of falling mine production and depleting reserves and reduced expenditure on exploration. This combination of booming demand and inadequate supply has resulted in record prices for coking and thermal coal.

Bowen Energy has the potential to bring substantial new coal deposits into production to satisfy the growing energy demands of customers in the global steel production industry and power supply industry. Bowen has acquired some 2,400 sq kilometres of prime exploration ground in the heart of the Bowen Basin, Queensland's major coal producing region, close to major coal mines operated by BHP, Rio Tinto, Xstrata and AngloCoal.

In addition to its coal exploration assets, Bowen is developing a portfolio of mineral exploration projects and has signed joint venture agreements with major customers, both in Australia and throughout the Asia-Pacific region, to further enhance shareholder value and maximise the opportunities to profit from its exploration and commercial expertise.

Bowen Energy (BWN) Products and Services

  • Exploration and development of coal and uranium energy resources

Bowen Energy (BWN) Locations and Subsidiaries

Bowen Energy Metals Head Office

10 Barrack Street, Level 7, c/- Mitchell & Partners,
SYDNEY, NSW 2000

Phone: 02 9392 8686
Fax: 02 9299 8195

Bowen Energy (BWN) Share Price

Submitted by ASX Listed Company on 3 March, 2010 - 21:59

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