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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 r...

Vindicated ASX-listed coal miner ‘delighted’ by favourable Supreme Court ruling. Third time is a charm for ‘delighted’ ASX-listed coal miner Bathurst Resources in its legal duel with Belize-registered L&M Coal Holdings over non-payments relating to coal production from its Escarpment   Choose your best value subscription option here. Already have an account? Login Related news

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...