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NZ court orders Bathurst to pay US$40M

BATHURST Resources has received an unfavourable judgment from the High Court of New Zealand in civil proceedings brought against it by L&M Coal Holdings, with the court ordering the company to pay LMCH US$40 ($A54.8) million.

Lou Caruana
NZ court orders Bathurst to pay US$40M

The litigation concerns Bathurst's Escarpment mine site in New Zealand, which was placed on care and maintenance in 2016 due to the depressed international market for coking coal.    Disputes arose...

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