As central Queensland firm Bounty Mining enters voluntary administration, the miners union says hundreds of workers will be affected by the resulting shutdown of Cook Colliery in the Bowen Basin.
The miners union says hundreds of workers have been left unemployed a week before Christmas as central Queensland firm Bounty Mining Limited enters into voluntary administration.It is unclear how many workers are affected by the shutdownBounty took over the Cook Colliery near Blackwater in the Bowen Basin in 2017, following the collapse of the colliery's previous owner, Caledon Coal.
"It is the intention of the receivers to place the Cook Colliery's operations into care and maintenance whilst they undertake a review and develop a plan to sell the business and/or restructure the group," receivers PricewaterhouseCoopers said in a statement.
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