2020Annual Report

Welcome to our 2020 digital annual report. Scroll down to review our Chairman and CEO’s report, financial and operational updates, our sustainability highlights, and other key reports including our financial statements.

If you prefer to read a printed version you can download a pdf here.

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Chairman and CEO’s highlights

Toko Kapea and Richard Tacon discuss how this year has shown that a diversified portfolio strategy has paid off.

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2020 Highlights

2020 Highlights

Underlying profit after tax* $25.8m

$251m
contributed to the New Zealand economy

EBITDA* $76.8m

Three entries named finalist in the Minerals Sector Awards 2020

*EBITDA and underlying profit after tax are both non generally accepted accounting principles ("GAAP") reporting measures. Further information here.

Underlying profit after tax* $25.8m

$251m
contributed to the New Zealand economy

EBITDA* $76.8m

Three entries named finalist in the Minerals Sector Awards 2020

*EBITDA and underlying profit after tax are both non generally accepted accounting principles ("GAAP") reporting measures. Further information here.

Financials and operations

Global market uncertainty and the COVID-19 pandemic have had their impacts, but our results show we have a strong and reliable business.

A Bathurst employee portrait picture

At a glance

Sales and financial overview

Our results for the year speak for themselves, showing we can continue to deliver steady domestic earnings, and solid export earnings despite pricing volatility.

Two Bathurst employees are pointing at their inspecting area

At a glance

Our export business

Despite challenging market conditions we still achieved a 32 percent operating profit margin.

A Bathurst employee is looking at their working crane-truck

At a glance

Our domestic business

As the results show, our domestic segment contributes stable earnings year-on-year.

Two Bathurst employees are walking towards a mining area

At a glance

Operating highlights by site

• Rotowaro (65 percent equity share)
• Maramarua (65 percent equity share)
• Stockton (65 percent equity share)
• Canterbury (100 percent equity share)
• Takitimu (100 percent equity share)

A Bathurst truck in distance

At a glance

Future growth projects

• Buller (100 percent equity share)
• Stockton organic growth project (65 percent equity share)
• Rotowaro North (65 percent equity share)
• Crown Mountain, Canada (22 percent equity share)

Sustainability

We are committed to economic, social and environmental sustainability; it is fundamental to our business and operations.

A happy Bathurst female employee potrait picture

Sustainability

Sustainability – what does it mean to us?

A focus on sustainability isn’t just a way of doing things – it’s the driver behind all that we do.

A Bathurst employee is doing health-check for another Bathurst employee

Health and safety material topic

Our world-class people, processes, and promises

We continue to focus on our people, their safety and wellbeing, while mitigating operational risks.

Bathust employee wears a blue helmet

Occupational health monitoring

Safe and well at work

We continue to promote a balanced approach to fitness and wellbeing - for our people's health at work and at home.

Bathurst trucks are working at the mining field

Socio-economic material topics

How we operate within and support our local communities

Effective engagement with stakeholders and responsible management of resources for effective outcomes is important to us.

A KiwiRail train

A social and economic study

Our contribution to the West Coast region

Mining and miners are a significant and living part of the West Coast.

A Bathurst female employee is checking the water by using a device

Environmental material topics

Managing our impact on air, water and land

Our aim is to reduce our carbon footprint and minimise the environmental effects of our operations.

The Canterbury mudfish

Canterbury mudfish / kōwaro conservation

Protecting a regional treasure

We have stepped in to help protect the critically-endangered Canterbury mudfish / kōwaro.

Bathurst employee wears an orange helmet

Governance material topics

Making sure we are compliant and prepared

Operating our business with a governance and emergency preparedness approach is fundamental to ensuring we operate safely.

Governance and other reporting

Corporate directory

Download a printable pdf version of the Corporate directory (PDF 97Kb)

Financial statements

Our financial results for the year show strong earnings from our day to day business of selling coal.