Stockton mine changes hands

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 1^st.

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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