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Stockton mine changes hands

Category: national

BT Mining, a venture between Australian mining company Bathurst Resources and Motueka food company Talley’s Group, has bought three Solid Energy mines including Stockton, which it took over on Friday September 1st.

Environmental NGO Forest and Bird has denounced the deal. According to the NGO, last year, the Government took on $57 million worth of environmental liabilities from Stockton, relating to acid mine drainage, on top of existing liabilities from Solid Energy mines – valued in 2014 at over $150 million – a large proportion of which relates to acid mine drainage at Stockton.

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Government mine deal waives environmental clean-up costs