Bathurst sinks into the red in first-half, still waiting for coal price to turn around

Fri, 27 Feb 2015

By Paul McBeth Feb. 27 (BusinessDesk) - Bathurst Resources, which last year wrote off the value of assets covered by its Buller coal project, posted a first-half loss as it continues to wait for international coal prices to improve. The Wellington-based company reported a pre-tax loss of $6.9 million in the six months ended Dec. 31, compared to a pre-tax profit of $8.4 million a year earlier, it said in a statement. That included net finance costs of $864,000 and a $224,000 impairment charge. Revenue from several smaller mines in Westland...

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