Bathurst Resources Limited (ASX:BRL)
Bathurst Resources (ASX:BRL) is a leading New Zealand coal producer providing energy for the agri-business sector, schools, hospitals and many other key players in the NZ economy.
Following the acquisition of its joint venture BT Mining (of which it has a 65% equity share) the Company is now an exporter of high-quality coal for steel production primarily in Japan, India and Asia.
BRL has three operating mines in the South Island:
- Canterbury Coal (west of Christchurch) - 100% owned;
- Stockton (north of Westport) - 65% owned via BT Mining; and
- Takitimu (north of Invercargill) - 100% owned.
The Company also operates Maramarua and Rotowaro in the Waikato region of the North Island (65% owned via BT Mining).
It has two further mines - the Cascade and Escarpment mines near Westport. Both of these mines are currently under care and maintenance (100% owned).
In addition to its domestic operations, the Company has permits over 15,000 hectares on the Buller coalfield (100% owned). This is part of its strategic plan to become an exporter of high-quality metallurgical coal. The Company also holds various exploration and prospecting permits in other areas of the South Island to position itself for further opportunities and growth.
BRL invested in the first tranche of a new joint venture in British Columbia, Canada in July 2018 which gave it an 8% stake in the project. The Crown Mountain project is in the exploration stages and once operating will be a coking coal mine for the export market that will complement BRLs current export operations.