from the AFR today Further down the food chain, Street Talk can...

from the AFR today Further down the food chain, Street Talk can reveal that New Zealand coalminer Bathurst Resources ? which
has had a spectacular run since September ? is close to appointing a defence adviser.
As this column reported last week, chatter in banking circles was that Bathurst was being looked over as a
takeover target, as new coal finds are increasingly scarce and there is strong demand for new coking coal
resources, highlighted by Carabella Resources? IPO in mid-December.
Bathurst expects to start producing high-quality hard coking coal ? favoured in steel making ? at a rate of
about 650,000 tonnes a year from the South Buller open pit mine in New Zealand at the back end of the year