Talley’s withholds $257m from Bathurst Resources in joint venture dispute
Talley's Group is blocking $257 million in cash from coal miner Bathurst Resources over alleged disclosure failures in their 2016 joint venture.
Talley's Group continues to withhold $257 million in cash from Bathurst Resources, a West Coast coal miner, as the two companies battle in court. The funds are frozen in their joint venture, BT Mining, while Talley's pursues claims that Bathurst failed to make proper disclosures before the venture was created in 2016. Bathurst says it needs access to the money to capitalise on upcoming mining projects.
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Talley’s quarter-billion dollar hold on fast-tracker Bathurst
Talley’s Group continues to withhold $257 million in cash from would-be fast-tracked West Coast coal miner Bathurst Resources in the pair’s joint venture, BT Mining. The funds, which Bathurst might otherwise use to capitalise on upcoming new mining projects, remain…