February 22, 2010 Bathurst Resources Limited announced it has signed an agreement to acquire BD Acquisition LLC which owns the Black Diamond Coal Mine and its exploration interests in the Appalachian Basin Coal Field in Kentucky, USA. Key points include acquisition of up to 100% of operating open pit and underground coal mines in Eastern Kentucky, USA.
November 12, 2009 Bathurst Resources Ltd advises that in Kentucky on 9 November 2009 a settlement agreement between Bathurst, C&R Holding of Eastern Kentucky LLC, and the original vendors of C&R was executed which has the result of effectively reversing the acquisition of C&R which was first announced to ASX on 16 July 2008 and approved by shareholders at a general meeting held on 8 September 2008. One result of the settlement is Bathurst will retain the Feds Creek Project in Pike County and all related permits. Feds Creek is currently on care and maintenance with only environmental and remedial work undertaken, so as to progress the release of bonds. The mine is permitted and ready for production and can be restarted at short notice should market conditions improve.
November 2, 2009 Feds Creek continued on care and maintenance through the quarter with only environmental and remedial work undertaken, so as to progress the release of bonds. The mine is permitted and ready for production and can be restarted at short notice should market conditions improve.
