Bathurst shares plunge 19 percent on appeal news

Fri, 12 Apr 2013

By Pattrick Smellie April 12 (BusinessDesk) - Shares of would-be coking coal miner Bathurst Resources plunged 18.75 percent to 26 cents after the first appeal from environmental groups opposing an Environment Court decision upholding its Escarpment open-cut mine resource consents. The announcement from the Royal New Zealand Forest & Bird Society and West Coast Environmental Network came less than a day after the company said it hoped to be mining by Christmas. The long-delayed mine, planned for the ecologically fragile Denniston Plateau abov...

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