Solid Energy

Solid Energy in voluntary administration

Solid Energy in voluntary administration

An anti-coal group has today questioned who would consider buying struggling state-owned coal company Solid Energy, citing the recent example of an Australian mine being sold for just $1.

Job cuts: 'Coal price keeps falling away'

Job cuts: 'Coal price keeps falling away'

Solid Energy did all it could to avoid the latest round of job cuts on the West Coast, the Finance Minister says, but the coal market has made it too difficult.

Solid Energy sells plant

 Solid Energy sells plant

Solid Energy's briquette plant south of Mataura has been sold to Australian-based company GTL Energy.

187 jobs gone at Stockton coal mine

Plunging global coal prices have forced Solid Energy to further slash its workforce by almost 200 jobs at its West Coast open pit Stockton mine, the country's largest coal mine.

Mining layoffs all part of 'perfect storm'

Solid Energy's predicament because of slumped global coal prices reflects Bathurst Resources' dilemma.

28% revenue fall for Solid Energy

Continued weak international coal prices contributed to a 28% fall in revenue in the six months ended December for troubled Government-owned coal producer Solid Energy.

Nine farms being sold by Solid Energy

One of the country's largest farm offerings is on the market in Southland, the more than 2000ha made up of nine farms held by state-owned enterprise Solid Energy.

Solid Energy restructuring plan on shaky ground

Solid Energy's future appears less certain than the information released by the company yesterday on its debt restructuring by banks and a noteholder.

Solid Energy rescue package agreed

Beleaguered coal miner Solid Energy has just three years to turn around its fortunes, after the Government and banks agreed to a rescue package yesterday.

Coal saga nears end

Coal saga nears end

All that remains after the mothballing of Solid Energy's contentious $29 million Mataura lignite plant is a divided community and tenant farmers, says the environmental group which fought the state-owned enterprise's plans during the past two years.

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