BTU bathurst resources limited

By Lee ScanlonBathurst Resources is paying no lease on the land...

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    By Lee Scanlon
    Bathurst Resources is paying no lease on the
    land it occupies at Westport Harbour.
    Bathurst has occupied part of the wharf near
    the harbourmaster’s of? ce since last July, when
    contractors began work on a $5 million, 30m by
    80m, storage shed.
    The shed replaced an existing open storage
    area and can hold about 9000 tonnes of coal.
    Westport Harbour Ltd (WHL) manager Trish
    Casey said Bathurst paid no lease because its
    rights to use port land would be covered by joint
    venture agreements.
    The agreements were still being negotiated
    between WHL and Bathurst.
    “These agreements are substantially agreed
    and just awaiting con? rmation of shipping volumes
    and timetabling in order to complete them.”
    Mrs Casey said a lease would be appropriate if
    the harbour company was handing over control of
    land to another party.
    “In this situation the land remains under WHL
    control with a set of agreements about what the
    parties plan to do together in the future.”
    Bathurst has previously said it plans to spend
    over $20m upgrading Westport port.
    The coalminer is gearing up to ship over two
    million tonnes of coal a year from Westport if it
    receives the green light for its Denniston Escarpment Mine project.
    An Environment Court decision is expected
    soon.
    Bathurst has estimated the Buller project, once
    operational, will create 450 direct jobs and 1800
    indirect jobs, $90m a year in household income
    and $180m a year in royalties and taxes.

    From Westports "The News" Tuesday the 12th
 
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