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 »
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.