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An announcement from Bathurst Resources Ltd ( (AU:BRL) ) is now available.
Bathurst Resources Limited announced that metallurgical coal has been added to New Zealand’s Critical Minerals List, emphasizing its economic significance. This addition is part of New Zealand’s National Minerals Strategy aimed at doubling mineral exports by 2035. Metallurgical coal, essential for steel production, alongside gold, represents a major portion of New Zealand’s mineral exports. Bathurst’s operations, including the Stockton mine and Buller Plateaux Continuation Project, are aligned with this strategic focus, highlighting their regional and economic importance.
More about Bathurst Resources Ltd
Bathurst Resources Limited, a New Zealand-registered resource company listed on the ASX, is the leading coal producer in New Zealand and the largest specialist coal company. They operate nationwide with mines in Waikato, Southland, and the West Coast, producing over 2.2 million tonnes of coal annually. Bathurst employs more than 670 people and engages over 90 full-time contractors, providing coal for local steel making and energy for domestic industries, while exporting high-quality metallurgical coal internationally.
YTD Price Performance: -3.19%
Average Trading Volume: 216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $89.81M
See more data about BRL stock on TipRanks’ Stock Analysis page.
