Bathurst in trading halt ahead of Monday announcement

Friday, 24 August 2012, 6:46 pm
Article: BusinessDesk

Bathurst in trading halt ahead of Monday announcement

Aug. 24 (BusinessDesk) - West Coast coking coal miner Bathurst Resources has been placed in trading halt, pending an announcement that appears likely on Monday next week.

Originating from Perth, and dual-listed on the NZX and ASX, Bathurst has been developing its coking coal operation on the Denniston Plateau above Westport, on New Zealand's South Island, over the last seven years.

Prolonged resource consent appeals have frustrated some Australian investors, where Bathurst hails from, and the share have lost more than half their value, 53.3 percent, in the last 12 months, to trade today at 51 cents, down 0.5 cents on the day.

(BusinessDesk)

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