Bathurst pushes on with NZ coal projectBy

February 1, 2011
BATHURST Resources is moving ahead with efforts to gain resource consents for its plans to mine at the Buller Coalfield on the West Coast of New Zealand’s South Island, after delays following the Pike River coal mine disaster.

Perth-based Bathurst Resources completed the purchase of the Buller coal project from L&M Energy during the December quarter. The total acquisition cost was $US40 million ($40.18m), with two further performance costs of $US40m each when the project moves into production.
In its activities report for the December quarter, Bathurst Resources said its focus for the period had been on completing a definitive feasibility study for the Escarpment and Deep Creek blocks at the Buller project.

The study estimated the capital cost of the Buller project to be about $US50m.
Bathurst Resources is aiming to produce premium hard coking coal from the Buller project in the December quarter of 2011, with production reaching two million tonnes per annum by late 2013.
The company said that in the March quarter, regulatory approvals and consents for the development of the Buller project, as well as the establishment of key contracts for the construction of a coal preparation plant and related facilities, were its key focus.
The start of operations at the Buller project was conditional on receiving resource consents and access and concession permits from the Department of Conservation.
Progress on the applications had been delayed in the wake of the tragedy at Pike River, Bathurst Resources said.
“In early 2011 however, Bathurst resumed discussions with the local communities and regulatory bodies to progress these applications for the Buller project,” the company said.
An explosion at Pike River, also on the West Coast, in November killed 29 men. (Sourced:The Australian)