Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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
Learn more about BRL stock on TipRanks’ Stock Analysis page.
