Agreement to purchase coal mine for new dairy contract

Summary by 6ix AI

Bathurst Resources Ltd has signed a conditional agreement to purchase the assets of Canterbury Coal Limited, which includes a new supply contract for coal to a local dairy producer. The mine, located near Coalgate, produces thermal coal that is in high demand by the dairy and food processing industries. The acquisition is subject to various consents and includes a payment structure upon settlement. Bathurst is also negotiating to acquire a stake in the Kenroll Coal Yard to enhance its operations.

Written by 6ix AI from the company’s filing. How 6ix writes summaries