Bathurst Resources' coal mining JV with Talleys drive surge in first-half operating profit

Wed, 28 Feb 2018

By Jonathan Underhill March 1 (BusinessDesk) - Bathurst Resources turned to a profit from ordinary activities in its first-half thanks to the contribution of four months of earnings from its joint venture with Talley's Group, which took control of Solid Energy facilities including the Stockton mine last September. Profit from ordinary activities was $19.7 million in the six months ended Dec. 31 from a year-earlier loss of $1.2 million, the company said in a statement. Sales rose 15 percent to $24.7 million. On a net basis, it posted a los...

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