Bowen Coking Coal completed the sale of a 10% interest in the Broadmeadow East Mine to MPC Lenton, a subsidiary of Formosa Plastics Group.

The transaction involved a cash consideration of $13 million, with US$7 million ($10.4 million) directed towards repaying a portion of Bowen Coking’s senior debt facility.

The completion follows the achievement of necessary conditions, including approvals from the Foreign Investment Review Board and the State Minister for Resources.