Latest news with #BathurstResources
Otago Daily Times
30-05-2025
- Politics
- Otago Daily Times
Night in custody result of an error
An unfortunate typo left a Dunedin protester in a police cell for the night before he was cleared of wrongdoing by a judge. Adam Currie, of climate advocacy group 350 Aotearoa, was held in custody overnight following his arrest for apparently breaching bail at a peaceful protest in central Dunedin, on Wednesday. In April, Mr Currie and 10 others were charged with wilful trespass after about 70 protesters camped on the West Coast's Denniston Plateau for five days in opposition to mining company Bathurst Resources seeking fast-track approval to expand its operation. He and five other protesters climbed into cable cars used to transport coal at Stockton Mine. Mr Currie said it had been a "real shock" to be arrested on Wednesday and it was the first time he had been held by police overnight. Climate activist Adam Currie (centre left) leaves the Dunedin District Court with supporters yesterday. Photo: Gerard O'Brien He said when he appeared in Dunedin District Court on Thursday morning, a clerk confirmed there had been a typo when his bail conditions were set in April. "It was meant to say 'you will not engage in unlawful protest', but then there was a typo by the registrar, and so it said 'you will not engage in lawful protest'." The judge found "clearly that bail condition was unlawful", Mr Currie said. "The Dunedin District Court judge confirmed that banning me from lawful protest was inconsistent with the Bill of Rights. "But the judge said he would not take further action against the registrar who set this condition due to judicial immunity." Mr Currie said he would much rather be talking about Bathurst Resources' fast-track application and the damage it posed to the climate, nature and human health than his arrest. Mr Currie (far left) during Wednesday's protest outside ANZ's Dunedin central branch. Photo: Peter McIntosh "It's about people versus Bathurst, not about us and the police." "But, yes, absolutely, the police should not be arresting me for lawful protest, and absolutely, I do not enjoy being in a jail overnight." Mr Currie said climate activists had been protesting for years and noticed an "increasing crackdown on public protest". He said those arrested in April planned to contest the c charges "due to it being public land". Following the protest on Wednesday, a police spokeswoman said a 25-year-old man was taken into custody for breaching bail and would appear in court on Thursday. There were no other issues at the protest, she said.
Scoop
27-05-2025
- Business
- Scoop
Nationwide Climate Protests Target ANZ, Shane Jones No-show
28 May: Protestors in at least ten locations across the country are taking to ANZ offices, creating 'climate crime scenes and performing theatre outside ANZ branches. The first protest kicked off in Wellington yesterday, with a simple message; Stop enabling fossil fuel expansion. During his Budget 2025 speech, Minister Shane Jones condemned the protest, inadvertently spurring a significant boost to protest RSVPs. Despite his promises that "I will be there the day before. And I will be there with my megaphone, - the Minister failed to show up as promised. 350 Aotearoa spokesperson Adam Currie says Government Ministers breaking promises is not surprising, and is why the protest group is focused instead on targeting ANZ to achieve change. 'We're here because ANZ is providing banking services to coal giant Bathurst Resources, whose monstrous coal mine proposal threatens not only the Denniston Plateau, but the climate we all rely on. ANZ enabling the biggest coal proposal in NZ history isn't a mistake. It's a business model: profit now, climate collapse later.' 'Fossil fuel expansion is the worst of the worst - and there is no moral or economic basis for ANZ to enable climate crime. Without banking services, companies like Bathurst can't dig, drill, or destroy. Other banks, such as BNZ and Kiwibank, have committed to shutting down banking services to coal expansionists by 2030. Yet ANZ is banking with fossil fuel companies other banks have dropped. For the sake of the climate we love, it's time for ANZ to break free from fossil fuels.' The ANZ protests kicked off in Pōneke/Wellington yesterday. Actions are scheduled today for Dunedin, Rotorua, Auckland and Wānaka, and protests in Nelson and Christchurch are scheduled for tomorrow. The week of protest will culminate in a protest outside ANZ's sole branch in the West Coast - where ANZ client Bathurst Resources hopes to open a 20 million tonne coal mine on the pristine Denniston Plateau. Protests range from theatre demonstrations, to rallies, to interactive games such as ' Pin the kiwi under the bulldozer'. Details, times and locations of protests can be found via this link: The week of action comes after protests erupted at Bathurst's proposed coal mine on the Denniston Plateau, with climbers shutting down Stockton Mine and over 70 protestors camping in the mine footprint.
Yahoo
07-05-2025
- Business
- Yahoo
Bathurst Resources Limited's (ASX:BRL) top owners are retail investors with 54% stake, while 24% is held by institutions
Hedge funds don't have many shares in Bathurst Resources. Our data shows that Republic Investment Management Pte. Ltd. is the largest shareholder with 17% of shares outstanding. With 8.6% and 7.1% of the shares outstanding respectively, Talleys Group Limited and VP Fund Solutions (Luxembourg) SA are the second and third largest shareholders. Additionally, the company's CEO Richard Tacon directly holds 0.9% of the total shares outstanding. Bathurst Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Bathurst Resources' historic earnings and revenue below, but keep in mind there's always more to the story. Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Let's take a closer look to see what the different types of shareholders can tell us about Bathurst Resources. Institutions, on the other hand, account for 24% of the company's stockholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. To get a sense of who is truly in control of Bathurst Resources Limited ( ASX:BRL ), it is important to understand the ownership structure of the business. With 54% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. The considerable ownership by retail investors in Bathurst Resources indicates that they collectively have a greater say in management and business strategy Story Continues On studying our ownership data, we found that 16 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. Insider Ownership Of Bathurst Resources The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that insiders maintain a significant holding in Bathurst Resources Limited. Insiders have a AU$18m stake in this AU$170m business. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. General Public Ownership The general public, who are usually individual investors, hold a substantial 54% stake in Bathurst Resources, suggesting it is a fairly popular stock. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. Private Company Ownership We can see that Private Companies own 9.6%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 1 warning sign for Bathurst Resources you should be aware of. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The Spinoff
24-04-2025
- Business
- The Spinoff
Why protesters spent Easter weekend suspended in coal carts
Coal mine expansion into the West Coast's Denniston plateau attracted more than 70 protesters over the Easter weekend. Climate activists say this is only the first step in resisting the Bathurst mining company. 'Oh yeah – right there is where we're digging trenches to keep tents from getting flooded,' said Adam Currie. It was April 19, Easter Saturday, and the climate activist was giving The Spinoff a tour (by video call) of an encampment on the Denniston Plateau. Seventy protesters were camping for the weekend on the remains of a coal mine, the proposed centre of an expanded mine project enabled by the fast-track legislation passed late last year. It was hard to hear what Currie was saying over the wind. Two raincoated figures walked through a gazebo, the wall removed so it didn't blow over. The screen pixellated; when it returned to focus, we were in the former coal mine office, abandoned since mining was suspended here in 2016. 'We've just taken it over,' said Currie, pointing out a hand-drawn map. Illustrations of kiwi and lizards, then a red stain: the proposed mine site, flanked by bulldozers. The Escarpment mine site is owned by Bathurst Resources, a mining company listed on the Australian Securities Exchange as BT Mining Limited. Beneath where the protesters were camping is 20 million tonnes of coking coal, which is used to make steel, mostly in India. According to Bathurst's website, the mine requires 'certain levels of production to be profitable' and its lifespan 'depends on the coal market'. But as Bathurst told investors in October, the fast-track law, which allows infrastructure projects of national significance to bypass the resource consent process, means its mining permissions could become permanent, and will enable expansion of its existing mines. 'The emissions are crazy – big, bad, scary numbers,' said Rosie Cruickshank, one of the protesters at the encampment, wearing a burgundy raincoat and with hair escaping her ponytail in the wind. Using calculations from the Ministry for the Environment, it's estimated that the coal produced by the Escarpment mine would generate 53 million tonnes of carbon dioxide. Combined with emissions from the Rotowaro mine in Waikato, which produces coal for domestic industrial use and is also approved as a fast-track project, Bathurst would be responsible for 66 million tonnes of carbon dioxide equivalent emissions over the period the mine is active. For comparison, the entirety of New Zealand produced 59 million tonnes of carbon emissions in 2022. To the protesters, the proposed Denniston mine expansions represent everything wrong with the controversial fast-track law. 'It really locks democracy out, it's so ominous,' said Cruickshank. She gestured around her, the camera showing lush, dense bush broken up by dark land where the coal mine had been operating. 'I've never seen bush like this before, I'm so grateful to have the opportunity to be here.' That the coal would be exported, for the profit of an Australian company, only makes it worse, Cruickshank said. 'There are short-term benefits, but they're not coming into our economy long-term. The gain is nothing compared to the climate crisis.' Mining is often discussed as a vital part of the West Coast's economy. 'People do have the right to protest but what they're doing is a health and safety risk. It's affecting people's working days and the company, what they need to produce, it's just plain stupidity and grandstanding,' said Grey District mayor Tania Gibson, in comments reported by RNZ. 'We've got about 1,200 new jobs from some of the [mining] initiatives that are being looked at on the coast at the moment.' Of course, the views of the West Coast community are varied. 'It's humbling to see people from around the country spending their long weekend camping on a coal mine, instead of travelling,' Neil Silverwood, a West Coast local, told The Spinoff. He grew up getting to explore the 'neat little caves' and forest on the Stockton plateau, which is now mostly a mining site. 'We've lost access to the beautiful waterfalls and creeks,' he said, frustrated that he can't share this with his young son. 'The boom and bust cycle of mining is unsustainable, it's done nothing for the West Coast.' The encampment involved people from groups Climate Liberation Aotearoa and 350 Aotearoa, as well as other supporters. It's part of a bigger campaign against Bathurst; 350 Aotearoa is also calling on ANZ to stop providing banking services to Bathurst and other fossil fuel companies. Two days after talking to The Spinoff, Currie put those beliefs into practice. Along with six others, he climbed into the carts used to transport coal at Stockton, New Zealand's biggest mine operated by Bathurst just north of Denniston. Seven climbers spent more than 60 hours in the coal carts, preventing coal from leaving the mine. Four people were arrested and 10 have been charged with trespass. Resources minister Shane Jones criticised the protesters in a press release. 'Mining brings in millions of dollars in royalties, and in wages and spending on infrastructure, plant and supplies. It is an industry with a proud history on the West Coast,' he said. 'Businesses have a legal right, under a law passed by the New Zealand Parliament, to apply for fast-track approval. I'm confident in its robustness to ensure guard rails are in place for projects to ensure they comply with our environmental and conservation laws. These protesters should too.' To Currie, the response was predictable. 'His comments reflect a deeper truth: this government is doubling down on fossil fuels at the exact moment we need to be scaling up renewables,' he said. 'We've stalled at least two days of coal extraction, sent a clear message to Bathurst and the government, and shown that people are ready to resist the Fast Track Act and the climate-wrecking projects it enables.' The people resisting the expansion of the mine want it to become the poster child of the problems with the fast-track law: damaging to a vulnerable environment and the climate, putting native species at risk, the profits going offshore and the economic advantages uncertain. 'There are 70 people here in the wind and rain, and it was essentially organised in secret,' said Currie on Saturday. 'Imagine how many people will be angry about it once this project is public.'
1News
23-04-2025
- 1News
Protesters staying put despite trespass notice at Stockton mine
Protesters attempting to shut down a coal mine on the West Coast have been trespassed by the mining company. About 70 activists have been camping on Denniston Plateau in opposition to mining company Bathurst Resources seeking fast-track approval to extend its Stockton mine. The mining company wants to extract 20 million tonnes of coal from the Denniston and Stockton Plateau over the next 25 years. Climate activist Adam Currie said he and several others had climbed into cable cars used to transport coal at Stockton mine in an effort to halt production. "We're drawing attention to the company's plans to expand coal mining across the nearby Denniston Plateau. It's a pristine environment with species found nowhere else," he said. "We're doing this following a five-day protest encampment of over 70 of us on the Denniston Plateau. We've been camping right in the heart of the proposed mine site and now we've moved to shut down fossil fuel infrastructure itself and stop any coal getting out of the mines." Bathurst said in a statement it was concerned for the trespassers' health and safety. "On Easter Sunday Bathurst became aware of issue-motivated persons trespassing the Escarpment mine site, which is located on the Denniston Plateau, West Coast region. We have also learned this morning of unauthorised access to the nearby Stockton mine infrastructure at Ngakawau," the company said. "Our primary concern is for the health and safety of the trespassers at these sites, due to presence of principal hazards at both of these mining operations, of which persons who have entered the site illegally may not be aware. "Bathurst representatives have formally trespassed these individuals and will continue working with New Zealand Police on the next steps to secure the health and safety of the trespassers as soon as possible." Police, WorkSafe, the Escarpment mine landowner and the Department of Conservation had been notified, Bathurst said. A police spokesperson said one person had been taken into custody with charges being considered. Currie said activists were not planning on leaving the mine site. "We're willing to stay and do what it takes to shut this mine down," he said.
