Coal producer Bowie Resource plans launch of limited partnership

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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.