Bowie Resource Partners LLC has formed a limited partnership, Bowie Resource Partners LP, to own and operate certain coal mining assets in the Uinta Basin in the western U.S.
The company said Feb. 9 that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of common units in this new company.
The date, number of common units to be offered and the price range for the proposed offering have not yet been determined. The initial offering of the common units is subject to a number of factors, including completion of the SEC review process with respect to the registration statement, as well as to market conditions and other considerations, and there can be no assurance that there will be an initial public offering of the common units or any other transaction, the company said.
Bowie owns the Bowie #2 underground coal mine in Colorado, plus the Skyline, Dugout Canyon and SUFCO deep mines in Utah that it bought in 2013 from Arch Coal. All four of these mines are in the Unita Basin. The company chairman is John Siegel, who has over 30 years of experience as an owner and operator of vertically-integrated coal companies.