Continuous Disclosure

New Zealand state owned enterprises (SOEs) must disclose conditions of material transactions entered into and information that has an impact on their commercial value, as well as providing detailed financial results at the end of each half and full financial year. Solid Energy’s current materiality threshold for disclosure is $25 million.

Final milestone achieved in Solid Energy asset sales

The finalisation of the sale of the Stockton export coal operation and the two Waikato mines, Rotowaro and Maramarua to BT Mining completes Solid Energy’s asset sale process and effectively clears the path to the wind up of the company. Solid Energy Chair Andy Coupe said that with this last milestone now achieved the company… Read more »

Sale of Reefton Assets

Solid Energy has today completed the sale of its remaining Reefton assets to Moore Mining Ltd. The sale comprises the Reddale and Burkes Creek mining operations near Reefton, with the associated coal washery and plant and equipment. The sale brings to an end Solid Energy operations in Reefton, which began in 1989 when the company… Read more »

Regulatory approval of asset sale clears the way for Solid Energy liquidation

Solid Energy is pleased that BT Mining Limited has received approval from the Overseas Investment Office for the purchase of the Stockton export coal operation and the two Waikato mines, Rotowaro and Maramarua, and looks forward to settling the transaction at the end of August. Solid Energy Chief Executive Tony King said that this milestone… Read more »

Statement from Solid Energy re Pike River Mine Video Footage 1 May 2017

Solid Energy confirms that the video footage of Mines Rescue workers setting up a robot in the Pike River drift and the robot travelling 1570 metres up the drift was taken into account by the company’s experts as part of the risk assessment for the mine re-entry. Solid Energy Chief Executive Tony King said the… Read more »

Sale of Solid Energy’s Southland mines to Greenbriar finalised

Settlement has today been reached in the sale of Solid Energy’s Ohai and New Vale mines to Greenbriar. The transaction sees all of the mines’ current employees and operations transferring to the new owner. Chief Executive Tony King said that in the circumstances today’s settlement is an extremely pleasing outcome. “The mines are transferring into… Read more »

Transfer of Solid Energy’s West Coast assets underway in April

Solid Energy has announced that the transfer of permits and other conditions for the West Coast assets purchased by Birchfield Coal Mines Limited have been approved, paving the way for settlement to take place this month. The assets sold to Birchfield, a local West Coast mining business, are: Strongman Mine, Island Block Mine, the Reefton… Read more »