Bathurst Resources Limited
(ASX:BRL) has tied up a thermal coal asset acquisition under amended terms.
The dual listed coal miner will purchase New Brighton Collieries Limited, the holder of the New Brighton permit.
The New Brighton permit lies adjacent to Bathurst’s Takitimu mine in Southland and is prospective for high quality sub-bituminous coal.
Bathurst expects the asset to provide expansion opportunities and underpin its long term supply strategy to the south island dairy processing industry.
