Page 2 - Bathurst Resources Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 origina...

Mining could begin by late 2022 if resource consent was granted. If successful, the project would increase employment and generate commercial opportunities in the area, Tacon said. “Which is essential for the lower South Island businesses and a range of service providers.” Forty-five people were employed by the Takitimu mine, and the expansion could create four or five jobs, Tacon said. “Importantly, the New Brighton project is about increasing the life of the Takitimu mine supply. In other words, extending the tenure of existing roles as well as creating new jobs.” The current ...