ENVIRONMENT

A Bathurst win

THE Supreme Court in New Zealand has upheld Bathurst Resources’ appeal against the longstanding legal case against it brought by L&M Coal Holdings.

The court found payment of the performance payment can be indefinitely deferred.

The court found payment of the performance payment can be indefinitely deferred.

Bathurst said this effectively set aside previous judgments ruled by the NZ High Court and Court of Appeal that would have had the company paying US$40 million in performance payments to L&M. "The Supreme...

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