Bathurst-Talleys JV expects to reap $65M-$82M from former Solid Energy mines in 2018

Jonathan Underhill
Wed, 27 Sep 2017

By Jonathan Underhill Sept. 27 (BusinessDesk) - BT Mining, the Bathurst Resources-Talley's Group venture that acquired coal mines from the receivers of state-owned Solid Energy, expects to reap between $65 million and $82 million from the assets in 2018 and could earn more because of gains in coking coal prices. BT Mining, formerly known as Phoenix Coal, acquired Solid Energy's Stockton, Rotowaro and Maramarua mines and other properties for as much as $96 million including contingencies. It took control of the mines on Sept. 1 in a deal t...

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