Bathurst gains approval to buy land for coal mining at Nightcaps

Thu, 30 Jun 2016

By Jonathan Underhill June 30 (BusinessDesk) - Bathurst Resources, which turned to a loss in its first half in the face of continued weak coal prices, has won Overseas Investment Office approval to buy 85 hectares of forestry land at Nightcaps in Southland, gaining access to seams adjacent to its Coaldale mine. The opencast coal mine on the land will be known as the Black Diamond mine and "will result in the retention of a significant number of jobs as well as the creation and retention of a considerable number of indirect jobs," accordin...

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