Talleys Group Files Legal Action Against Bathurst Resources

Talley’s Group, a family-owned conglomerate, has initiated legal proceedings against its joint venture partner Bathurst Resources Limited (NZX: BRL), a coal mining company with operations in New Zealand. The claim, as disclosed by Bathurst in a statement to the Australian Securities Exchange, is reportedly filed under the Companies Act 1993 and the Financial Markets Conduct Act.

Additionally, Talley’s has made a separate application seeking permission to bring derivative proceedings on behalf of Bathurst. This legal action highlights potential tensions within the joint venture arrangements that oversee several coal mining operations in New Zealand. Bathurst has yet to provide further details on the nature or specifics of the claim. The case underscores the complexities of business partnerships in the resource sector, with legal outcomes likely to impact the operations and governance of the joint venture coal mines.

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