Australian hard coking coal miner Bathurst Resources has announced that it has signed a ground lease agreement with Port Taranaki Limited involving construction of a covered storage shed at the port to accept incoming coal from the Port of Westport, New Zealand.
The new storage shed will be located near a deep water berth that is convenient for discharging and loading vessels.
The agreement is significant for the Buller Coal Project in New Zealand in further securing a route to the market. Bathurst made its first export shipment of coal from the Buller Project bound for the Port of Taranaki in late November.