Announcement
MINE: BRL: Agreement Reached on Escarpment Mine Project
08:58am
BRL
12/11/2013 08:58
MINE
REL: 0858 HRS Bathurst Resources (New Zealand) Limited
MINE: BRL: Agreement Reached on Escarpment Mine Project
Agreement reached on the Escarpment Mine Project
Bathurst Resources (New Zealand) Limited (NZX/ASX: BRL) ("Bathurst") is
pleased to advise that it has reached an agreement with Royal Forest and Bird
Protection Society of New Zealand Incorporated ("Forest and Bird") in respect
to the Escarpment Mine Project.
Forest & Bird have been the principal appellant in the various appeals
against resource consents. They have also been an appellant or party to all
appeals relating to the separate 'climate change declaration' process.
Under agreement reached:
- Forest & Bird has agreed not to appeal the Environment Court's final
consent decision for the Escarpment Mine Project; and
- Bathurst has agreed not to do anything in its control to cause open cast
mining in the area defined as the "Denniston Permanent Protection Area"
(DPPA) (noting that the DPPA has already been proposed by Bathurst as part of
the Environment Court process).
It has also been agreed that costs will lie where fall as between each party
in respect of the wider appeals process.
Bathurst is continuing to work with the Department of Conservation, Iwi and
local councils to process the management plans required before production
activities can commence.
Bathurst Managing Director, Hamish Bohannan said, "This agreement is a
significant milestone for the Escarpment Mine Project. It gives Bathurst
increased certainty and the company now has a much greater level of
confidence around being able to commence mining activities as soon as
possible."
End CA:00243658 For:BRL Type:MINE Time:2013-11-12 08:58:10
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