Would-be West Coast coking coal miner Bathurst Resources has taken another small step closer to open cast mining on the Denniston Plateau following the High Court’s rejection of an appeal on a side issue from the Royal Forest & Bird Protection Society of New Zealand. Justice John Fogarty’s judgment, issued July 11, finds no merit in Forest & Bird’s attempt …

Genesis Energy bond investors have opted to sell 27.7 percent, or about $77.8 million, of the state-owned power company’s hybrid bonds rather than accept a lower interest rate. The company flagged in May that it would modify the bonds and trim the issue by about $75 million to $200 million after Standard & Poor’s changed its criteria for assessing the …

China’s Bright Dairy & Food can build its stake in Synlait Milk back up to 41 percent once the dairy processor has joined the stock exchange later this month. The Takeovers Panel granted an exemption to the Synlait Milk shareholder for Bright Dairy to keep its stake at 41 percent by purchasing shares on-market if the initial public offer diluted …