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BATHURST RESOURCES LIMITED. — Capital/Financing Update 2017
Sep 10, 2017
64563_rns_2017-09-10_276fafbc-21c3-4f94-bb6c-f18a0ee8c772.pdf
Capital/Financing Update
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Level 12, 1 Willeston Street Wellington 6011, New Zealand PO Box 5963 Lambton Quay Wellington 6145, New Zealand
T +64 4 499 6830 F +64 4 974 5218 E [email protected]
11 September 2017
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Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street SYDNEY NSW 2000
NEW COAL SUPPLY CONTRACT
Bathurst Resources Limited (ASX:BRL) is pleased to announce that it has been successful in reaching agreement for a significant new coal supply contract from the Company’s North Island coal mines.
The agreement will see supply of up to 150,000 tonnes per annum (with escalation options) for 30 months from BT Mining’s Rotowaro and Maramarua mines.
Bathurst’s CEO, Richard Tacon stated “this is an exciting development for the Company. This contract progresses the Company’s domestic supply strategy to displace imported coal”.
BT Mining completed the sale and purchase agreement with Solid Energy to purchase the assets of Stockton, Rotowaro and Maramarua mines on 31 August 2017.
On behalf of Bathurst Resources Limited.
Richard Tacon
CEO