Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Bathurst wins consents for Escarpment mine above Westport

Bathurst wins consents for Escarpment mine above Westport

by Pattrick Smellie

Aug 26 (BusinessDesk) – Buller Coal Project developer Bathurst Resources Ltd has gained crucial resource consents that should allow its ambitious open-cast mining plans on the hills above Westport to meet a first production deadline of late this year.

Bathurst went into trading halt on the NZX and ASX this afternoon and chief executive Hamish Bohannan told BusinessDesk the consents had been granted and that the halt, which only had impacts in Australia where trading had not closed, was intended to give the company the weekend to digest the contents before responding.

An Escarpment Coal project website with contacts for the West Coast Regional Council, Buller District Council, and Bathurst’s advisers said the decision would be available on the site today at 4.45pm NZT, but had yet to appear this evening.

However, Bohannan said of the consents: “They’ve been granted.”

That leaves only the negotiation of access agreements with the Department of Conservation before the first part of a plan to mine as much as four million tonnes a year of high-grade coking coal, used in steel-making, can proceed.

The Escarpment project is targeting approximately one million tonnes a year. Bathurst plans to send coal by lighter from Westport to New Plymouth for export.

The project has the capacity, in effect, to replace the output of the Pike River coal mine, which has been closed since explosions took 29 miners’ lives last November.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

The 24 resource consent applications cover 200 hectares on the southern Denniston Plateau.The company has consistently met its deadlines on the way to mining by the end of this year, and the consents are no exception, although there is still potential for appeals.

Bathurst shares last traded on the NZX at $1.20 and rose 4.1% prior to the trading halt being announced on the ASX, closing at 101.5 Australian cents.

(BusinessDesk) 18:12:25

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.