Glencore announced acquisition of Rio's 82% interest in the Hail Creek Mine which is 16km south east of Bowen's Hillalong tenement (recently picked up for a song from Rio Tinto ) https://www.bowencokingcoal.com.au/hillalong/
Glencore paid US$1.7Bn for the asset. The recent Curragh sale at $700m also shows that there is activity in this region and Coking Coal (or Metallurgical Coal) is in strong demand.
Bowen trading at 1.7c for a market cap of under $7m is ridiculous cheap and unnoticed.
http://www.miningmonthly.com/coal/company-activity/glencore-to-buy-hail-creek-for-us1-7b/
Glencore buys Bowen CC neighouring mine
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