Sharechat Logo

Greenies run out of gas in appealing Denniston Plateau coal mine

Tuesday 12th November 2013

Text too small?

The Royal Forest & Bird Protection Society won't appeal an Environment Court ruling signing off on a planned coal mine for the West Coast's Denniston Plateau after cutting a deal with mining company Bathurst Resources yesterday.

The environmental lobbyist has agreed not to appeal the final consent process and in return Bathurst won't do anything in its control to cause open cast mining in a defined protection area, the entities said in separate statements. The parties also agreed to let court costs fall where they lie in respect to the wider appeals process.

"This agreement is a significant milestone for the Escarpment Mine Project," Bathurst chief executive Hamish Bohannon "It gives Bathurst increased certainty and the company now has a much greater level of confidence around being able to commence mining activities as soon as possible."

Last month the Environment Court granted consents for the project, ending a two-year battle waged in the courts, which have largely been in Bathurst's favour.

Forest & Bird Top of the South Field Officer Debs Martin said the group cut the deal because a successful appeal might not have prevented the mine, and that this was a way to ensure Bathurst protects the reserve area.

Bathurst shares were unchanged at 24 cents yesterday, and have climbed 26 percent this year.

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Spark NZ announces new receivables financing structure
December 22nd Morning Report
TRU - Commercial Opportunities for Western Europe and Middle East
GEN - General Capital Subsidiary Credit Rating Update
Fonterra updates 2025/26 season Farmgate Milk Price
FRW - Acquisition of VT Freight Express
PaySauce Opens $1m Share Purchase Plan
December 17th Morning Report
RUA - Successful rights offer is oversubscribed
Steel & Tube - Shareholder Newsletter - December 2025