Bathurst Resources Ltd has successfully tendered a coal supply agreement from the company’s Canterbury coal mine, located west of Christchurch. Under the agreement, Bathurst will supply 65 000 tpy for up to 10 years from the mine.
Bathurst’s CEO, Richard Tacon, commented: “This is an exciting development for the company. This contract replaces the supply lost last year with the closure of the Westport cement works and enhances the company’s South Island domestic supply strategy.”
The Canterbury mine was bought in 2013. Recent redevelopments over the last three years and has seen a significant increase in reserves through a targeted exploration and evaluation process.