Bathurst Resources signs lease agreement for coal storage area

Monday, 30 January 2012 16:16:11 (GMT+2)

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.

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