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Business Scoop » LMCH V Bathurst Resources Supreme Court Decision


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. ....

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LMCH V Bathurst Resources Supreme Court Decision


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 ....

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Potential scrap looming over coal expansion in Southland


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 Takitimu operation covered 80 hectares, and the expansion could cover 34ha, he said. ....

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