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Mining consents were issued in 2014, but the mine was mothballed in 2016. The case, which revolved around the interpretation of the contracts, had two main arguments. Bathurst said it didn’t have to pay the $60m at the 25,000 tonnes mark because the coal had been sold locally to cement producer Holcim and transported by truck, not “ship” – the term used in the agreement. Peter Meecham/Stuff Geoff Loudon, second from left, in 2009, when he was considering mining projects in Southland. It also said that subsequent alterations to the initial terms meant it could opt to pay a higher royalty for coal produced instead of paying the production-related amount.

New zealandHong kongNorthern territoryGeoff loudonNautilus mineralsSupreme courtHelm groupHigh courtLm coal holdingsNew zealand basedStockton plateauWest coastBathurst resourcesJustices glazebrookJustices winkelmannToronto based nautilus minerals