Lane Neave advises BT Mining on Solid Energy acquisition
Lane Neave has advised BT Mining, a joint venture between Bathurst Resources Limited and Talley’s Energy Limited, on the
acquisition of assets from three mines acquired from Solid Energy New Zealand Limited (subject to deed of company
arrangement).
The assets include the Stockton mine on the West Coast, as well as the Rotowaro and Maramarua mines in the Waikato
region.
Settlement of the transaction is the culmination of over 15 months’ of legal work including a comprehensive due
diligence process, negotiation of transaction documents through a competitive bid process and a long period to
settlement in which various conditions precedent and other legal issues were addressed. This included Overseas
Investment Office approval, New Zealand Petroleum & Minerals approvals, addressing complex land and leasing arrangements, the novation of various key contracts,
stakeholder approvals and negotiation with Treasury over the application and transfer of environmental rehabilitation
indemnities.
The Lane Neave team was led by partner Gerard Dale and included Joelle Grace, Rebecca Cotter, Josh Leckie and Sam
Nelson.
“We are pleased to be involved in advising our client, BT Mining, in the successful completion of this complex
transaction, and I am proud of the hard work and dedication shown by our team in getting the transaction across the
line” said Dale.
“This is a tremendous milestone for the industry and we are delighted to be involved in a deal that will have such a
significant impact, both economically and socially, for communities where the mining operations are located.”
ENDS
About Lane Neave
Founded in the 1860’s, Lane Neave is one of the largest and most highly regarded law firms in New Zealand. Lane Neave
specialises in specific areas of the law, and many lawyers have become recognised experts in their chosen fields. All
practice areas adopt a team approach and draw on the relevant expertise across the firm to provide well considered and
sound advice to our clients. The firm has a true national presence with over 135 staff located across our offices in
Auckland, Wellington, Christchurch and Queenstown.