Company Overview and News

Solid Energy creditors to get at least 60 cents in $1 as assets sold

Solid Energy New Zealand's creditors will get at least 60 cents in the dollar after the failed state-owned enterprise's mines are sold, up from the previous range of 45 cents to 55 cents.

Brian Gaynor: Miner's end leaves taxpayers in a hole

The sale of Solid Energy's remaining operating coalmines terminates the Crown's 114-year involvement in the coal industry.

Coal makes minor comeback as hydro power dries up

The much-criticised coal industry is making a minor comeback in New Zealand as dry weather deprives hydro dams of water in the South Island.

Council rescinds decision on Te Kuha coal mine after Forest & Bird legal action

Legal action by Forest & Bird (F&B) has prompted a U-turn from the Buller District Council over the proposed Te Kuha coal mine.

Bathurst Resources finds replacement for lost contract

Bathurst Resources has found a new buyer for coal from its Canterbury mine, replacing the lost supply deal for Westport's cement works when Holcim closed the plant last year.

Solid Energy announces closure of mothballed Spring Creek Mine after failing to find a buyer

Solid Energy has announced the closure of the Spring Creek Mine after failing to find a buyer, closing the door on one of the best coal resources in New Zealand - and 150 years of underground mining on the West Coast.

Bathurst Resources sued for US$40m by L&M Coal Holdings

Coalminer Bathurst Resources Ltd (BRL) is being sued for US$40 million (NZ$53.7m) by L&M Coal Holdings Ltd (LMCH).

Bioenergy sector concedes heat still left in coal industry

Bioenergy industry players have conceded that a revived coal industry will continue to provide energy for industry for years to come, especially in the South Island.

$46m up-front payment for Solid Energy's coal mines

The buyers of Solid Energy's main coal mines will pay $46 million up front, and could pay as much as $50m extra if coal prices rise.

Phoenix to pay $46m for West Coast coal mines

Phoenix Coal has agreed to pay $46 million cash for Solid Energy's Stockton, Rotowaro and Maramarua mines, plus a 'contingent payment', Bathurst Resources revealed today.

Phoenix Coal, Solid Energy agree to mine purchases

The Bathurst Resources and Talley's Group joint venture, Phoenix Coal, is to pay $46 million to buy Solid Energy's Stockton, Rotowaro and Maramarua Mines.

Solid Energy mines sold to Bathurst-Talley's venture

Three coal mines of the collapsed state firm Solid Energy are to be sold to a joint venture.

Solid Energy sale 'will be some relief' - John Key

Prime Minister John Key says the sale of Solid Energy's mines on the West Coast and Waikato is good news for communities.

Solid Energy mines sold

The Government says the sale of Solid Energy's assets is the "best outcome" it could've hoped for.

Solid Energy mines sold to Bathhurst-Talley's venture

Three coal mines of the collapsed state firm Solid Energy are to be sold to a joint venture.

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