Media

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 »

Solid Energy Statement post Select Committee meeting

16 February 2017 The Chair of Solid Energy confirmed at today’s Select Committee meeting that his Board stands by their 2014 decision that the mine drift remains unsafe for a manned re-entry and is pleased that their decision is supported by the Mines Rescue Trust, as well as the Crown. A statement from the Board… Read more »

No buyer for Spring Creek mine leads to closure

Despite an exhaustive sales process Solid Energy has been unsuccessful in securing a buyer for Spring Creek Mine and has reluctantly taken the decision to close the mine. Spring Creek Mine has been in care and maintenance since 2012 when production was stopped following a review of the mine’s economic viability. It will now be… Read more »

Statement from the Directors of Solid Energy re the sealing of the Pike River Mine

We know this is an extremely difficult time for the families. We wish that safe entry was realistic and understand the frustration and disappointment around the fact that it is not. There are a number of inaccurate and misleading statements circulating in the media that feed false hope. In our view the media and others… Read more »

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 »

Solid Energy asset sales process proceeding on schedule

A milestone step in the sale of Solid Energy’s assets has been reached with the receipt of bids, beginning the final stage of the sale process as scheduled. Solid Energy has been operating under a Deed of Company Arrangement since September 2015 and is working through an orderly sale of its assets. All land, mines… Read more »

Solid Energy proposes to cease production at uneconomic Huntly East Mine

Solid Energy is proposing to permanently cease production at its Huntly East Mine in Waikato because the mine has no prospect of returning to profitability and is unsalable. The proposal was outlined to staff members of the underground coal mine this morning. They have 10 days to provide feedback on the proposal. The company management… Read more »

Solid Energy Creditors Vote For DOCA At Watershed Meeting

Solid Energy Creditors Vote For DOCA At Watershed Meeting – PDF 19kb.

Solid Energy Administrators Support Board’s Proposal To Adopt A Deed Of Company Arrangement

The Administrators of Solid Energy New Zealand Limited and its subsidiaries have issued their report to the Solid Energy Group’s 1500 creditors today. The report, which provides a high-level analysis of the company’s position and considers the final version of the Solid Energy Board’s proposal, supports the Solid Energy Group entering into a Deed of… Read more »