Sharechat Logo

Bathurst gets final green light for Denniston coking coal mine

Thursday 24th October 2013

Text too small?

Bathurst Resources has finally secured resource consents for its contentious Escarpment coal mine on the West Coast's Denniston Plateau.

The Environment Court today granted consents for the project, ending a projected battle with environmentalists opposing the proposed coal mine, Bathurst said in a statement. The shares rose 1.8 percent to 17.4 cents in trading after the announcement.

"We are pleased to finally secure the consents to develop a mine that will deliver much needed jobs for the West Coast and generate benefits for the economy of New Zealand overall," chief executive Hamish Bohannan said. "The consent procedure has been transparent and thorough and we welcome this final positive decision."

The proposed coal mine has been subject to numerous appeals since its initial approval in 2011, and most of the rulings have been in Bathurst's favour. The mine got tentative approval from the Environment Court in March, which set out an action plan for Bathurst to rehabilitate the area once mining was completed.

Bohannan said the company will now submit its management plans and applications to allow for mining to begin.

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:

Tower Limited (NZX: TWR) Updates Guidance
South Port New Zealand Limited (NZX: SPN) 2021 Annual Report
22nd September 2021 Morning Report
Kathmandu Holdings Limited (NZX: KMD) FY21 Annual Results Announcement
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Update on Demerger and Office Fund
21st September 2021 Morning Report
Kiwi Property Group Limited (NZX: KPG) Gives Green Light to Build-to-Rent
20th September 2021 Morning Report
General Capital Limited (NZX: GEN) Equifax Affirms General Finance BB- Rating
17th September 2021 Morning Report