Bathurst loses appeal against US$40m performance payment

Bathurst loses appeal against US$40m performance payment
Gavin Evans
Bathurst Resources has lost its appeal against a US$40 million performance payment on coal production from its mothballed Buller operations. The company, New Zealand’s biggest coal miner, said it’s reviewing its legal options after the Court of Appeal confirmed the 2018 decision of the High Court in favour of L&M Coal Holdings. The company’s shares fell 15 percent to 6.2 cents on the ASX, taking their loss so far this year to 44 percent. Wellington-headquartered Bathurst told investors on March 6 it had a good case but it would be able...

More Primary Sector

United States tariffs: NZ's hit could have been a lot worse
Primary Sector

United States tariffs: NZ's hit could have been a lot worse

Open Country's boss believes NZ needs to “keep our noses clean" going forward.

Riley Kennedy 04 Apr 2025
Synlait confident it has enough milk for next two seasons
Primary Sector

Synlait confident it has enough milk for next two seasons

Farmers had until Monday to withdraw their cease notices.

Riley Kennedy 03 Apr 2025
Mainland registered as Fonterra moves closer to divestment
Primary Sector

Mainland registered as Fonterra moves closer to divestment

The dual-track process appears to be picking up speed.

Riley Kennedy 03 Apr 2025