Bathurst Resources Limited (ASX:BRL) Fast-Track Approvals Bill Passed
Legislative Milestone
Bathurst Resources Limited (ASX:BRL) and its 65% owned joint venture, BT Mining Limited, celebrate the successful passage of the Fast-Track Approvals Bill in New Zealand Parliament. The bill allows eligible projects to be processed more rapidly than under the current planning regulations, enabling simultaneous applications for multiple approvals.
Project Inclusion
A total of 149 projects are slated for fast-tracking, including significant mining initiatives aimed at doubling mineral export value to $2 billion by 2035. Bathurst’s Buller Plateaux Continuation Project and Rotowaro Continuation Project have been recognised for their regional and national benefits, having received prior approval from the independent Projects Advisory Group.
Project Details
The Buller Plateaux Continuation Project aims to mine coking coal over a 25-year period, ensuring economic stability and job retention in the Buller District by preserving approximately 390 direct jobs. The Rotowaro Continuation Project will extend operations until at least 2037, employing 190 staff and producing high-quality coal primarily for steel production.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.