https://share.google/1CwTO1kJx4rIo8iew

This documentary premiered at Parliament recently; here is the press release from that event, featuring Jenny Patrick OBE, the author of the historical novel, “Denniston Rose”:

https://www.forestandbird.org.nz/resources/denniston-rose-author-backs-petition-stop-mega-coal-mine

Forest and Bird have launched a national petition that asks for more than just stopping the mine; it demands a permanent solution, calling on the Government to reclassify the public conservation land on the Denniston Plateau as a Scientific Reserve.

This is the only rational, long-term solution to protect its unique ecosystems and ensure we are not fighting this same battle every decade.

• Please sign and share the petition here: https://www.forestandbird.org.nz/petitions/make-denniston-scientific-reserve

Bathurst’s proposal for open-cast mining of the Denniston Plateau and Mt. Frederick is already on shaky ground. They face significant financial hurdles, and are in litigation with their business partner, Talley’s, in what seems like an attempt to get money out – Talley’s are aware of the risks if Bathurst spend a bunch of money developing these new mines and then soft demand results in Bathurst going belly-up, with nothing for Talley’s.

Globally, the coking coal market is turning. This year, China announced it will not consent new coal-powered steel foundries, and the global coking coal price has softened in response to oversupply.

It doesn’t take many of these factors stacking up to make the entire operation economically unviable.

WITH YOUR HELP, WE WILL WIN THIS!

Kia Kaha,

Coal Action Network Aotearoa

The post The Save Denniston campaign kicks into high gear appeared first on Coal Action Network Aotearoa.

NB: This action was organised by 350 Aotearoa and Climate Liberation Aotearoa. For more information on these groups, or to join, support or follow their work, click on the links!

Protest Notes, by Masha Oliver

We’re sitting on the edge of a man-made drainage lake, staring at the landscape scar in front of us. A hill, cut in half and completely deformed, exposing layers and layers of rock, from grey sandstone at the top through wide streaks of white to a thick vain of deep black coal. It’s like looking at an abstract painting, as well as looking back in time. A human could not paint it better. Above it, stretches a banner: “Just transition off coal.”

It’s the first day of our encampment on Denniston Plateau as part of non-violent direct action for climate justice and to protect the unique landscape and biodiversity of the Plateau. Morning graciously offers us a window of sunny weather, which we use to roll out the banners, take some photos, chant and sing out loud what needs to be heard – Protect Denniston plateau! I look around and see all these people – from kids to elders – who I’ve never met before, coming together for the same reason, to protect something we all deeply care about. There’s a wonderful feeling of pride and power resonating through us. The spirits are high as we buckle down for the cyclone that is on its way and prepare for the main actions later in the weekend.

Photo: Neil Silverwood

We’ve come here because we all – the whole planet – are running out of time. We’ve come here because there is no planet B or a spare atmosphere we could replace and wrap our Earth in. We’re here because we know everything on this planet is intricately linked and can only exist in coexistence, which requires a stable climate. We are here because the new mine on Denniston Plateau, proposed by Australian-based mining company Bathurst, if developed, will create the same amount of emissions as the whole Aotearoa New Zealand produces in a year. Over 25 years it will extract 20 million tons of coal – in an era when the rest of the world is transitioning off fossil fuels, when global warming has already overshot the predicted models, environmental collapse is happening all around us and climate events are threatening the livelihoods and homes of our communities and communities around the world.

The mine is one of the listed fast-track projects. The fast-track legislation circumvents the laws designed to protect the environment and health of people. There is no participation process in the fast-track legislation. The legislation prevents public scrutiny and bypasses environmental considerations. Fast track is an assault on the environment and democracy and it has so far, resurrected certain projects that have previously been declined as they proved environmentally unacceptable. This is happening in a country that is perceived on the world stage as the “green queen” with strong democratic roots.

Photo: Geoff Keey

The specific piece of land where the mine is proposed is public land. It belongs to all New Zealanders and is managed on behalf of Kiwis by the Department of Conservation. It is public conservation land, put aside for protection in perpetuity due to its natural values. When DOC was established in 1987, huge parts of public conservation land were put aside, waiting to get properly assessed and classified either as National Park, Conservation Area, Ecological Area or any other classification designed to protect the natural or historical values of the public conservation land. This never happened, but a reclassification process started a couple of years ago. A national panel of experts suggested this land becomes a Conservation Area –  assuring the lowest protection possible – while environmental NGOs like Forest and Bird, Environmental Defense Society and Federated Mountain Clubs among others, suggested this to be a Scientific Reserve – which protects the land to even greater extent then National Park and permits no mining. This classification was suggested due to the incredible ecological richness of the area, with many endangered and endemic species living here, many of which have not even been identified yet.

Photo: Geoff Keey

I am no scientist or ecologist. But I am a lucid observer and I have spent my entire life roaming through natural landscapes. I can tell, usually just by moving through the land, how special and alive the land is. Coming to the camp spot, I was blown away by the landscape we traversed. Sandstone pavements, rocky outcrops, bonsai-looking bush stunted by extreme living conditions, and the wild Tasman Sea in the distance. This 40 million years old plateau laying 600-1000m high, is a place close to heaven – braided with streams and gorges, dappled with areas of high wetlands, extensive pieces of land mass rolling out as far as an eye can travel, with areas covered in red tussock, takahe’s favourite delicacy. The landscape seems surreal – something I have not seen elsewhere in New Zealand and I have tramped in many places. Looking at it from the birds-eye perspective on Google Earth, it stands out from afar – if you let your eyes travel up and down the island you will not see anything like it. It is truly unique.

And so is the abundant life up here. As we make our way to the camp, a fern bird, an extremely rare bird, flies by. This is a sanctuary for Great spotted kiwi, rare skins, ancient velvet worms, giant snails, weta, geckos, rare moths … The area is, as surveys in the past showed, of high ecological value. Many species here have not been identified yet. Bathurst’s mining project, if it goes ahead, will cause irreversible biodiversity loss, habitat and landscape destruction, increased carbon emissions, and acid metallic drainage that needs critical management for 100 years. Endemic plants and animals will be lost. This will all happen on Aotearoa New Zealand public conservation land with no public input. The profits will go to a private company, with 90% overseas shareholders.

Photo: Geoff Keey

And that’s why we are here. When there is no option for advocacy and dialogue anymore, action needs to take place. Our encampment is a compact flock of colourful tents in an area that was used by Bathurst as an operational pad for the nearby mining. From where we’re camped, we can see the hill, covered in bush, that will be beheaded, if this project goes ahead. There are about 70 of us here and I don’t know one single person, but walking through the camp, I feel I have slipped into a community, where everyone knows each other and a strong quiet sense of camaraderie resonates between us. As the rain settles in, so do we, under the big marquee, where the learning and collaboration begin. We’re learning about facilitation and de-escalation strategies. We discuss and practice how to react and talk to media, police or locals if any of them turn up. We look at the issue from many sides – what would you say to a local who works in the mine and needs to put food on the table? We head out for a botanical walk, to familiarize ourselves with what is at stake. More learning follows – about the context of the fast track bill, the mining plans and Bathurst. A workshop facilitated by a local environmental group takes us through details and different perspectives of the issues – what we are about to lose, what are the gains, and what are the false gains portrayed by Bathurst and the government. The hardest part to digest it the presentation from a university researcher. We are warned it will be grim, so we brace ourselves.

Tim, who has dedicated his master’s study to climate change, takes us step by step through the facts – what we already know and what the models show. It is not pretty. In fact, it is terrifying. We have already passed 1.5-degrees warming and plants have reached the peak of carbon dioxide sequestation in 2008. Proportion absorbed has been declining since. Emissions would need to fall by 0.3% per year, just to stand still, though at the moment, they are increasing by 1.2% per year.

It is no better on the fauna front. The total global insect population has declined by 41% in the last decade and animal populations have experienced a 70% average decline since 1970. Human-made materials now outweigh Earth’s entire biomass. The amount of plastic alone is greater in mass than all land animals and marine creatures combined. Looking at the effects of global warming in New Zealand, the most jarring one is the loss of  1/3 of the entire glacier mass since 2000. The sea water heatwave in 2022 pushed the water temperature to 4.4 C above average, causing the deaths of millions of marine sponges in Fiordland.
At 3C or more of heating by 2050, there could be more than 4 billion deaths, significant sociopolitical fragmentation worldwide, failure of states – with resulting rapid, enduring, and significant loss of capital – and extinction events.

I’m listening and the facts, one by one, are landing heavy on my mind, to a point, when I feel my cheeks are hot with tears. I don’t dare to look around, as I feel that will break me, but I sense the heaviness has landed on everyone and the mood has shifted. The question is not if we are crashing or not, the question is how hard we crash.
A support and debrief session is offered after Tim’s talk to help us process what we’ve heard. I fear it will make it worse, so I walk out. When I return, I find Tara completely red-eyed. She hasn’t stopped crying.

Photo: Neil Silverwood

Ironically enough, our climate justice action coincides with the arrival of yet another cyclone. Despite persistent rain and Tim’s talk, the spirits remain high. We prepare the camp for even more rain to come – the tents are readjusted and secured by rocks, and the drainage channels are dug while the dinner is being cooked. There is very little need for coordination and instructions. Everyone seems to make themselves useful with not much talking. People see work and pick it up. Things just get done. I’m impressed with how well everything is organized and how smoothly everything seems to flow. Regular check-ins make sure we  see how we’re feeling collectively. No one seems to be taking too much space or air time. It seems all egos got left at the bottom of the hill. I wish every workplace would function like this. Decisions are made with everyone’s input, but somehow very quickly and nimbly. I have worked in many places and been part of many groups.  I have never experienced such cohesion and a sense of unity before. I haven’t even imagined something like this is possible.

Sunday is spent in preparation for the main two actions on Monday – to climb up the towers and occupy the coal buckets bringing coal from Stockton mine, stopping operations for 24 hours, which later on extends into 60 hours, and an expedition to a Happy Valley, a place of resistance and protest about 20 years ago, an operating Cypress mine today. While climbers are practising their rope work and the support crew is preparing for the off-site action, the deluge begins. The rain is hard and persistent. Only later we hear about the flooding of the roads down below the hill, in Waimangaroa. The fire brigades are called out throughout the night. The camp remains standing. As the night falls, there is a curtain of water surrounding us. We gather in one and only dry communal space, normally used as a kitchen. There’s a feeling of excitement in the air, but also the anxiety of what the morning might bring.  Everything feels heightened. Dinner is being cooked while the climbers and action groups are frantically packing in the dark, walking around with their climbing gear and harnesses still on. It is impossible not to feel in the way, or be constantly pushing through a mass of damp bodies. The camp turns into chaos for a few seconds, we’re all blinding each other with torches, frantically trying to pack or help with packing.

Photo: Neil Silverwood

The next day I wake up to the news that the bucket crew made it in the buckets. Feeling happy are not words that I use lightly, but there is no other way to feel right now. The steely sky and the promise of more rain fade away by expanding happiness and pride. Only a small group of us remain at the camp – we’re holding the fort throughout the day, as the news starts trickling in. First is the news from our groups – the bucket team, the  Happy Valley team, and the support crews. Then the media news starts popping up. And then suddenly, it’s all happening – Bathurst, Department of Conservation, our lawyer, police – everyone is on board and communicating. We get visitors to the camp – friendly locals bring us doughnuts and come to show their appreciation and support.

As I am washing the dishes, and listening to the news from our crew in the field, a robin lands on my head. A brief light touch, almost fleeting, yet a certain blessing. I know I am where I’m supposed to be.

I can still feel the brush of wild and divine on my head. It’s a reminder and a plea. To keep returning to Denniston.

I know I am not the only one, returning. We are many. And we will not give up.

Photo: Neil Silverwood

Denniston, by Ben Lowe

Denniston is the most amazing place, maybe the most amazing place in New Zealand. It is also the most pivotal place in New Zealand. The reason it is so amazing is that the flora and fauna there is unique. The reason it is so pivotal is because it perfectly encompasses the two sides of the climate debate. Under this unique environment is coal, the most climate-destroying fossil fuel.  To lose here is to lose everywhere.

Photo: Geoff Keey

The post Denniston Plateau Occupation, Easter 2025 appeared first on Coal Action Network Aotearoa.

We at CANA are concerned that the official panel, currently reclassifying the DOC stewardship land on the West Coast, is recommending too low a level of protection (“Conservation Park”) for this magical landscape, some of which has already been lost to opencast coal mining.

NB: The Minerals Council has stated that a “Conservation Park” classification will still allow mining!

More information is available on the petition site – please sign – and share with your friends.

We have until 26 July to make our final submissions.

The post Help Save the Denniston Plateau! appeared first on Coal Action Network Aotearoa.

Our sources on the West Coast tell us that between 15 and 20 groups of potential buyers, mainly from India, have been through Solid Energy’s big Stockton mine there.

We also know that Bathurst Resources, the Australian coal mining company that fled Australia and set up in New Zealand, and which has managed to make a fearful mess of the unique and biodiverse Denniston Plateau in the course of a largely failed attempt to extract coal from it at an economic price, is trying to buy Stockton.

Work on the Denniston Plateau has now stopped – but the destruction wrought by Bathurst Resources remains.

Republic Investment Management of Singapore recently bought a 20% stake in Bathurst Resources, and they are seeking to acquire more, possibly with a view to taking a controlling interest. This has allowed Bathurst to raise funds in relation to “an impending NZ coal opportunity”, which we believe may be the attempted purchase of Stockton and other coal deposits which Solid Energy has the rights to but has not attempted to mine.

As the industry mouthpiece NZ Resources notes (24 June 2016), “for coal in NZ this is fire sale season”.

On one level, that’s a good sign: it reflects the parlous state of the coal industry both domestically and internationally, and the growing acknowledgment that King Coal, bruised and weakened but still dangerous, must be prised off his throne.

But fire sale season carries a high risk: with the backing of their mystery overseas investors, Bathurst – or one of the companies that has toured Stockton – might be able to take advantage of those fire sale prices to sweep up a bundle of former Solid Energy assets and bundle them with its own resources, such as the nearby Denniston mine.

Bundling Stockton, Happy Valley (adjacent and now being mined), the Escarpment mine on Denniston, and the proposed Te Kuha would create an asset large enough to interest a big overseas miner. Then, taking a cavalier approach to the environment and worker safety alike (as the record shows occurs in India), they might seek to claw what coal they can from the ground while there is still a buck to be made.

Whereas the coal industry in China has been in decline in recent years, in India , coal is still trying to expand. If we are not vigilant, we might end up with a future in which Indian steel mills and cut-rate New Zealand milk powder plants alike are supplied by coal made cheap enough to mine by Solid Energy’s past recklessness and the Government’s continued avoidance of real action on climate change.

This story has been hiding away in the shadows. It’s time for it to be brought into the light.

The post What’s Going On At Stockton? appeared first on Coal Action Network Aotearoa.

Bathurst Resources “Alternative Stakeholder Meeting”
8.15am-9.30am, Friday 14 November
Meet at Verve Café, 250 Lambton Quay, Wellington

Facebook event: https://www.facebook.com/events/579844212147375/

The beauty of the Denniston Plateau. Photo: Forest & Bird

Bathurst Resources wants to open New Zealand’s single biggest new coal project on the Denniston Plateau. But we’re the stakeholders in New Zealand’s future, It’s time to say “No!” to Bathurst’s mining plans and “Yes” to a real better future for New Zealanders.

Bathurst Resources is holding its AGM on Friday 14 November in Wellington – and we’re going to hold our own Alternative Stakeholder Meeting, to remind them what the real stakes are for the climate, for Denniston and for New Zealand.

Come and be a part of our simple street theatre style stakeholder meeting.  No acting skills necessary, just meet on Friday at 8.15am at Verve Café, 250 Lambton Quay for a short briefing before our “meeting” commences.

We also need people to help hand out leaflets to passersby.

Help us ask what the real stakes are for future generations, our Pacific neighbours, health, unique ecosystems, and for all New Zealanders.

Here’s the plan:

• 8.15am: Meet at Verve Café, 250 Lambton Quay, for a briefing on the action
• 8.50am (approx): Alternative Stakeholder meeting begins – we’ll also be leafletting to passers-by
• 9.30am: End of the action

We’d like to know numbers able to attend, so please RSVP to coalactionnetwork@gmail.com as soon as possible. (An RSVP is extremely helpful for planning, though if you can’t RSVP, please do still come along on the day.)

More Information

Bathurst Resources Is Already Tottering – They Just Need A Push

Bathurst Resources is deep in a financial hole right now. After a protracted legal battle, the authorities granted the legal permissions they need to mine Denniston. But while that legal battle was going on, world coal prices dropped so far that it’s no longer economic for them to commercially mine coal for export there. All the same, they have been clearing off “overburden” – that is, plants and animals – from part of the area and have started small-scale mining for domestic markets while they wait for world coal prices to pick up.

Because they haven’t been able to get Denniston fully up and running, Bathurst are desperately stripping coal out of their other mines to fund their operations. That has led to health and safety problems and local environmental issues at these mines.

If Bathurst weathers the storm, they are going to ramp up the Denniston mine for export, and try to get permission to open a whole lot of new mines on the Plateau. But if we can stall them, we can stop both the present mine and future ones.

Bathurst’s investors were badly spooked by the 200-strong protest when their Wellington office was opened by John Key. It’s time to spook them some more.

What’s the Denniston Plateau?

The Denniston Plateau is a beautiful elevated plateau high above the West Coast of the South Island. It has a unique and highly biodiverse ecosystem full of rare plants and creatures. That ecosystem is now under severe threat.

Who Are Bathurst Resources?

Bathurst Resources are a formerlyAustralian coal mining company that moved to New Zealand a few years back. John Key spoke at the opening of their Wellington office. They operate other small mines in Southland, Canterbury and on the West Coast to fund their big project, the planned Escarpment Mine on the Denniston Plateau.

Why Should I Care?

If Bathurst Resources  are able to go ahead with their plans, they could mine as much as 84 million tonnes of coal that would lead to 218 million tonnes of carbon dioxide emissions, further pushing the atmosphere towards ever-more-dangerous tipping points. And it would also trash the entire Denniston Plateau other than small reserved areas.

The post The Stakes Are High On The Denniston Plateau: Bathurst Resources “Alternative Stakeholder Meeting” 8.15am-9.30am, Friday 14 November, Wellington appeared first on Coal Action Network Aotearoa.

By contrast Westpac has been less savvy.  Heralded in 2011 as a leader of sustainability, since November 2013 the bank has been repeatedly embarrassed by media coverage of protests triggered by its lending practices.  Westpac’s loans to Bathurst, the company poised to open-cast mine the Denniston Plateau  conservation area for coal, despite significant environmental opposition, make the bank’s efforts to cut the climate footprint  climate impact of its office operations seem tokenistic. Such ‘green-wash’ is easily seen as hypocritical and 94% of NZers say they “get annoyed when products try to pass themselves off as greener than they really are” (source: Colmar Brunton, 2011).

Right on the point, you might think, but not a new criticism – until you discover that this article appeared in the blog of the Marketing Association of New Zealand. The article Scrubbing up grubby brands and clean slate competition is well worth reading, and it’s very noticeable that Westpac is now being called out for its greenwashing even within the business community.

If you’d like to increase the pressure on Westpac, please sign the CANA/350.org.nz  letter to Westpac CEO Peter Clare and get involved in the campaign for Westpac to divest from Bathurst Resources.

The post Stern Criticism of Westpac – From A Surprising Quarter appeared first on Coal Action Network Aotearoa.

Press release

The news that Bathurst plans to start mining at Denniston on 1 July is a tragedy for the stunning ecology of the plateau, Coal Action Network Aotearoa (CANA) said today.

“Not only is this a tragedy for the beautiful plateau, it is also a tragedy for the climate, as every new coal mine is stealing from our children’s future,” said Jeanette Fitzsimons, a spokesperson for CANA.

“It is a tragedy for the West Coast communities who will once again put their faith in the boom-bust of coal instead of building a more robust and reliable future.”

We know that this mine is not economic at current prices. Evidence at the Environment Court shows that Bathurst needs $160/tonne for the mine to be worthwhile and the current price is less that two-thirds of this.

“How are they going to pay the $22million compensation to DOC that is a condition of their consent?” asked Ms Fitzsimons.

“There is a real risk that this mine will fail economically and they will walk away leaving a massive hole in the ground, a permanently damaged plateau, an increase in climate-changing carbon dioxide emissions, and a default on their obligations to the Department of Conservation” she said.

Coal Action Network opposes all new coal mines but believes existing mines should be allowed to run their course, phasing out as their permits end and miners retire.

There is already five times more coal available to use than can be burned if the world is to remain below two degrees of warming, according to climate scientists.

The post Mining decision a tragedy for Denniston plateau appeared first on Coal Action Network Aotearoa.

Our new report released today.

It doesn’t include new mines such as Bathurst’s plans for the beautiful Dennison Plateau, where operations have stalled and 29 workers were recently laid off as the coal price has plummeted in the face of a global oversupply.

But imagine if the Government was to draw a line in the sand and state that there would be no more coal mines in Aotearoa.  If they did that today,  this would give coal mining communities the time to adjust, to plan a transition away from coal that involved the entire community, and led to a sustainable future.

This is the argument we set out in our new “Jobs After Coal” report, released today.

Our research has found that New Zealand’s coal mining communities generally have fewer full time jobs and lower per capita income than their surrounding region or district.

This is totally contrary to the coal industry’s claims of employment and prosperity.  Only two mining communities in the entire country have higher median incomes than their surrounding district and only one has higher employment.

It’s clear that coal does not bring the promised prosperity from digging up coal, coal that will ultimately end up in the sky when it’s burned, contributing to arguably the most pressing issue facing the world today:  climate change.

In our report we outline ways in which communities can transition away from coal to new sources of prosperity and jobs as international markets and climate change concerns lead the phase out of coal.

Coal is a boom and bust industry. When the bust comes, coal mining communities have been left with no support – except for plans for more boom and bust coal mines.  Over the last few years we’ve seen so many jobs lost, overnight, with families and communities thrown into chaos and facing an uncertain future.

In gathering information for our report, we called every single coalmine in the country, to find out just how many people are employed.  The final figure is 1259 jobs.

Yet the Government continues to go on about the need for coal mining jobs, pushing coal as a job creator, yet it barely blinks at the nearly 40,000 jobs lost in manufacturing in the five years to 2012.

The international situation, with record-low coal prices, and an oversupply, with countries like China and India moving to renewable energy and to cut pollution,  our coal industry is unlikely to recover any time soon.

Talk of a carbon bubble is now gaining traction as people begin to understand the idea that we have only a small ‘budget’ of carbon we can afford to emit to keep global warming below two degrees C.

Coal is a sunset industry, and fossil fuel investments will be left as stranded assets

We could pretty much consider Solid Energy as a ‘stranded asset’ these days, with banks forced to back a company that will continue to fail under the ongoing ‘perfect storm’ of low prices and the high dollar.

Over the last week we’ve seen two institutions move to divest themselves from fossil fuel interests:  the Dunedin City Council – and the Anglican Church’s New Zealand and Pacific Dominion – the first branch of the Anglican church worldwide to do so.

Jobs After Coal sets out many alternatives to mining, especially in renewable energy and an expanded use of wood. Mining skills are applicable over a wide range of different industries.  However, this transition will not happen without planning, leadership, resources, and involvement of the whole community.

We have to draw a line in the sand for the end of coal in New Zealand, then plan for the day that this happens. Involve the whole community and plan a transition that doesn’t dump people out of jobs overnight.

The sooner we prepare for a future where mining towns can determine their own paths without dependence on the vagaries of a dying industry, the better.

The post Coal communities deserve better than the “boom and bust” coal industry appeared first on Coal Action Network Aotearoa.

It’s not to late to change banks in time for our week of action.

When we started our campaign against Westpac because of its investment in Bathurst Resources, the company bit back.

No, no, we don’t invest in Denniston, they said.

We were investing in Bathurst before they were planning Denniston, they said.

The facilities we have with them relate to their existing operations, they said. Nothing to do with Denniston, they said.

While we have written to Westpac to clarify all of these points, we haven’t heard back.  They’ve gone silent, instead promoting their so-called sustainability.  But Bathurst’s half yearly report, released recently, is very useful and has provided all the information we think we need.

It certainly doesn’t tell us anything that would lead us to call off the campaign, as Westpac thinks we should.

The Bathurst report (page 18) goes into great detail on its relationship with Westpac  – perhaps in response to our campaign.  Here’s the detail on Westpac from that report:

“In July 2012, the Group obtained a finance facility with Westpac New Zealand Limited for the acquisition of a new mining fleet. The total amount available and drawn on the facility as at 31 December 2013 was $3.5 million.”

This new mining fleet is currently being deployed at the Cascade mine, just down from Escarpment (Denniston).  The thing is, Bathurst’s mining all it can out of Cascade, because it needs as much money as it can to fund the new mine. 

Will none of that fleet be used to take the beautiful Denniston plateau apart?  Even if it isn’t, all of Bathurst’s mines are being used to finance the new one.  So it’s a bit silly to claim they’re not related.

It’s also a bit silly to claim, as they do, that their investments in Bathurst were made before the company had made any plans to mine Denniston.  Bathurst’s whole entry into New Zealand was always all about Denniston and the coking coal up on that plateau.  They’ve bought up all the mines they currently own in order to get this new mine (and the next five mines next to it) up and running.

Next quote from Bathurst’s report:

 “In addition, the Group has with Westpac New Zealand Limited a term loan $1.2m, finance lease facilities $0.3m, and bank overdraft facilities which were unused at 31 December 2013.”

There are no caveats here about where this money from Bathurst’s term loan with Westpac should be spent.  Again, this is about Bathurst having enough money to keep going and start digging up the Denniston Plateau.

Right now the company is in dire financial straits, not helped by the low price of coking coal.  But it’s abundantly clear to us that Westpac is helping this company keep afloat through both loans: the $3.5million loan for its mining fleet and the $1.2million loan and the finance lease facilities.

While Bathurst has said this all-time low price of coal means they won’t start digging any up yet, (while laying off 29 workers), once it gets all the permits approved, it plans to start readying the Denniston Plateau for mining.

We have yet to find out whether this includes removing all the “overburden” [read: beauty, biodiversity], but, with Forest & Bird, have called on them not to do this and for the Minister of Conservation to hold back his permission.

We also note that the Buller District Council is getting very excited about the planning permissions being signed off. It looks like Bathurst may be clear of all the red tape pretty soon.

So it’s still a great time –  if you’re a Westpac customer who wants to do something about Bathurst’s plans to dig up a beautiful part of New Zealand for coal that will ultimately end up in the sky and contribute to climate change – to

Sign up to Make the switch!

It’s not too late to switch away from Westpac in time for our Week of Action beginning 7^th April around the country.  So get switching people!

Final note: Westpac is also one of the banks propping up Solid Energy, who, along with Bathurst Resources, are both pretty shaky companies. You’d think they might learn that coal is a bad investment on so many levels.  Maybe they should follow the path of Bill Koch (younger brother to the infamous Koch Industries brothers), who is getting out of the coal mining industry because, in his words, it “has kind of died.”

The post The real deal on Westpac’s coal funding appeared first on Coal Action Network Aotearoa.

The beauty of the Denniston Plateau that Bathurst may remove for nothing. Photo: Forest & Bird

Coal Action Network Aotearoa today called on the Minister of Conservation, Nick Smith, to not issue Bathurst Resources the DOC consent it needs to enter and operate its planned mine on the Denniston Plateau, in light of the company’s terrible financial state.

Bathurst has announced today that it is making 29 workers redundant and that it’s not going to mine coal at Denniston until international prices have recovered. However, it intends to go ahead and set up everything else on the plateau in readiness for mining.

This could include the removal of the “overburden” – the beautiful, biodiverse-rich landscape.

“Bathurst is in a terrible financial state.  Like Solid Energy, it’s facing a ‘perfect storm’ of tanking coal prices and a strong NZ dollar – quite a different situation from 2008 when the company started sniffing around the West Coast for coking coal,” said Cindy Baxter of CANA.

“There is no way this company should go ahead with wrecking the plateau, only to sit and wait until the coal price improves, something international commodities commentators are not forecasting to happen any time soon, due to an oversupply in the market.”

“We could find ourselves in a situation where the company goes under, having destroyed the beautiful Denniston Plateau – for absolutely nothing.  The Minister of Conservation needs to step in and refuse to let the company do this,” she said.

“There is no way Bathurst will be able to front up any time soon with the $22 million promised to DOC in the deal Mr Smith made with the company.”

The latest statement from BRL shows the company is having to restructure to keep afloat, and is to shed 29 jobs, instead of providing the 225 jobs it keeps promising – the 225 jobs that would only be there if it ramped up production to one million tonnes a year.

The price of coking coal has tanked, miles below the $165 the company needs to even break even, let alone make any profit. This break-even price was confirmed in a “caucusing agreement” between Bathurst and Forest & Bird at the Environment Court in November 2012, when they agreed that “a minimum expected price for the project to proceed is perhaps US$190.”

See also CANA’s recent blog on Bathurst’s perfect storm.

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