ODT

BusinessAugust 13

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.

NationalMay 21

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.

SouthlandJuly 17

Solid Energy sells plant

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

BusinessJune 6

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.

BusinessJune 6

Mining layoffs all part of 'perfect storm'

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

BusinessFebruary 28

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.

BusinessFebruary 12

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.

BusinessOctober 23

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.

SouthlandOctober 16

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.

BusinessOctober 15

Solid Energy mothballs briquette plant

Beleaguered state-owned enterprise Solid Energy is mothballing its contentious $25 million lignite-to-briquettes plant near Mataura.

BusinessOctober 6

Solid Energy plan to invest

Troubled state-owned coal miner Solid Energy is looking to the future and a reinvestment in its key coal mining regions once there is a sustained improvement in the market.

BusinessAugust 25

Pressing issues for mining conference

The effects of plunging global commodity prices will be high on the agenda of New Zealand's annual mining conference this week, with hundreds of New Zealand jobs shed during the past year and all companies under operational reviews.

BusinessJuly 17

More coal job losses at Stockton

Solid Energy has signalled further redundancies at its Stockton mine in the face of an ongoing decline in global coal prices.

BusinessJuly 8

Asset sales funds for ailing SOE

The Government's tagging of $100 million to prop up ailing state-owned enterprise Solid Energy from the $3.5 billion Mighty River Power part-sale has been described by Labour as a ''cover-up gone wrong''.

SouthlandJune 20

Briquette plant will operate in the interim

Solid Energy's $29 million briquette plant will stay in Mataura for the short term, but its future is not certain, as the state-owned-enterprise hands operations over to its Australian-based partner.

EditorialJune 13

The Solid Energy saga

The collapse of state-owned coal producer Solid Energy has been well documented in recent months.

NationalMarch 14

Solid Energy disclosure call

Labour leader David Shearer is calling for fuller disclosure on Solid Energy's spending and management.

BusinessMarch 1

Solid Energy bail-out cost likely to rise

Any Government bail-out of financially stricken Solid Energy could cost far more than the $389 million of debt identified by Minister for State Owned Enterprises Tony Ryall.

BusinessMarch 1

Falling coal price reason for troubles

Solid Energy's financial woes became public in August last year, when it flagged the likelihood of a $200 million slump in revenue.

BusinessFebruary 22

SOE likely to drop briquette plant

Solid Energy's controversial plans to utilise billions of tonnes of Southland lignite appear to be at an end as the company fights for its financial survival.

BusinessFebruary 21

Solid Energy debt at $389m

Solid Energy is at a crisis point and a Government bail-out is almost inevitable, mine closures are possible and further job cuts likely in another restructuring to try to salvage the debt-ridden coal mining company.

BusinessFebruary 4

Faltering Solid Energy's Elder resigns

In a shock announcement yesterday, the longtime chief executive of beleaguered state-owned enterprise Solid Energy, Don Elder, tendered his resignation, effective immediately.

BusinessFebruary 3

Solid Energy chief resigns

Don Elder has resigned as chief executive of Solid Energy, effective immediately, the state-owned coal company said in a statement.

BusinessNovember 23

Solid Energy plunges

State-owned enterprise Solid Energy has finished a forgettable financial year, with its after-tax profit plunging 146% to a loss of $40 million and no repeat of last year's $30 million dividend.

NationalOctober 3

Anxious wait for Solid Energy staff

About 105 Solid Energy staff will stay home today to wait anxiously for letters advising them whether they will lose their jobs.

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