Bathurst Resources Reopens Tawhai Tunnel, Boosting Coal Export Capacity

Bathurst Resources Ltd ( (AU:BRL) ) has shared an update.

Bathurst Resources Limited, in partnership with its joint venture BT Mining Limited, has successfully reopened the Tawhai Tunnel following extensive repairs. The tunnel is crucial for coal transportation from the Stockton mine to Lyttleton Port. The temporary road freight plan that was put in place allowed continued operations with minimal disruption, retaining all mine employees. With the reopening, Bathurst plans to significantly increase coal exports to meet its sales targets by implementing a 7-day rail logistics plan, enhancing its capacity beyond what was achieved through road freighting.

More about Bathurst Resources Ltd

Bathurst Resources Limited is a New Zealand-registered resource company listed on the ASX, known as New Zealand’s leading coal producer and the largest specialist coal company. With nationwide operations producing over 2.2 million tonnes of coal annually, Bathurst supports local industries such as steel-making and dairy, while also exporting metallurgical coal internationally. The company operates mines in Waikato, Southland, and the West Coast, employing over 670 people and engaging more than 90 contractors.

YTD Price Performance: -3.19%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $89.61M

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