Bathurst in trading halt ahead of announcement today
West Coast coking coal miner Bathurst Resources has been placed in trading halt, pending an announcement that appears likely today.
West Coast coking coal miner Bathurst Resources has been placed in trading halt, pending an announcement that appears likely today.
BUSINESSDESK: West Coast coking coal miner Bathurst Resources has been placed in trading halt, pending an announcement that appears likely today.
Originating from Perth, and dual-listed on the NZX and ASX, Bathurst has been developing its coking coal operation on the Denniston Plateau above Westport, on New Zealand's South Island, over the last seven years.
Prolonged resource consent appeals have frustrated some Australian investors and the shares have lost more than half their value, 53.3%, in the last 12 months, to trade on Friday at 51 cents, down 0.5 cents on the day.