Solid Energy sales process achieves strong outcome
Sale and purchase agreements have been signed for the majority of Solid Energy’s key mining assets following a successful sales process that is projected to deliver outcomes in excess of forecast expectations. The sales process encompassed the company’s mining assets across the country, which were offered for sale as a whole or in parts. The… Read more »
West Coast mine site changes progressed
After considering feedback from staff members at the Stockton and Spring Creek mine sites, Solid Energy has today told employees it will go ahead with the proposals outlined earlier in the month to change the sites’ work and staffing levels. Chief Executive Dan Clifford says feedback from staff members resulted in some alterations to the… Read more »
Solid Energy presents change proposals for West Coast mine operations
Solid Energy has today told its staff that it plans to reduce production at Stockton Opencast Mine in Buller from 1.4 million tonnes a year to approximately 1 Mt from July and, as a result, it is proposing to reduce the number of staff jobs at the mine from 397 to 246. Because the mine… 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.