trending Market Intelligence /marketintelligence/en/news-insights/trending/va8bajcx4nqeyibzrfafza2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Bathurst hauled to court by L&M Coal over US$40M payment

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Bathurst hauled to court by L&M Coal over US$40M payment

L&M Coal Holdings Ltd. initiated legal proceedings in the Wellington High Court aiming to force Bathurst Resources Ltd. to make a US$40 million performance related payment under a 2010 sale and purchase agreement, according to a Dec. 23 news release from the latter.

Under the 2010 deal, Bathurst acquired shares from L&M Coal in Buller Coal Ltd., which holds the Buller coal project in New Zealand.

L&M Coal said the US$40 million came due when Bathurst reported that coal production had reached 25,000 tonnes, while Bathurst contended that, for other reasons, the debt had not yet become payable, The New Zealand Herald reported Dec. 22.

Bathurst denies that it is in default and said it "will be vigorously defending the claim."