Bathurst-Talley's JV gets OIO clearance for $96M purchase of Solid Energy mines

Thu, 31 Aug 2017

By Jonathan Underhill Aug. 31 (BusinessDesk) - BT Mining, the Bathurst Resources-Talley's Group joint venture formerly known as Phoenix Coal, has gained Overseas Investment Office approval to buy Solid Energy's Stockton, Rotowaro and Maramarua Mines and other properties for $96 million. The OIO signed off on the deal saying it would increase the viability of the Buller Coal Project that was suspended last year in the face of weak international prices for coal. Macquarie Bank analysts today lifted their forecasts for iron ore and coking co...

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