Press Release – Bathurst Resources The following statement may be attributed to Richard Tacon, CEO, Bathurst Resources. Bathurst Resources Ltd is delighted to advise that today the Supreme Court in New Zealand upheld Bathursts appeal against the case brought against Bathurst by L&M …
The following statement may be attributed to Richard Tacon, CEO, Bathurst Resources.
Bathurst Resources Ltd is delighted to advise that today the Supreme Court in New Zealand upheld Bathurst’s appeal against the case brought against Bathurst by L&M Coal Holdings Ltd (LMCH).
Today’s decision effectively sets aside the judgments ruled by the High Court and Court of Appeal.
Wednesday, 14 July 2021, 2:55 pm
The following statement may be attributed to Richard
Tacon, CEO, Bathurst Resources.
Bathurst Resources Ltd
is delighted to advise that today the Supreme Court in New
Zealand upheld Bathurst’s appeal against the case brought
against Bathurst by L&M Coal Holdings Ltd
(LMCH).
Today’s decision effectively sets aside the
judgments ruled by the High Court and Court of
Appeal.
The Supreme Court did find that a USD$40m
performance payment had been triggered. However, the court
also ruled that Bathurst can rely on the Royalty Deed, which
forms part of the original agreement between Bathurst and