Bathurst hunkers down as coking coal price keeps sinking

Mon, 24 Feb 2014

By Pattrick Smellie Feb. 25 (BusinessDesk) – Coal miner Bathurst Resources is making 29 staff redundant as it hunkers down to ride out the lowest world prices for coking coal in the last nine years, and signals a delayed start to its controversial Escarpment open-cut mine on the Denniston Plateau, above Westport. Bathurst overcame a string of appeals to gain resource consents for Escarpment last October, more than two years after winning initial consents, but watched global prices for coking coal, used in steel-making, fall over that time fr...

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