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 »

Solid Energy voluntary administration process on track

A first meeting of creditors of Solid Energy New Zealand Limited (SENZ) (Administrators Appointed) and its associated companies was held today in Christchurch – the first milestone in the five-week voluntary administration (VA) process. At the meeting, creditors were asked to vote on two procedural matters in accordance with the statutory framework outlined in the… Read more »

Solid Energy Disappointed by Genesis Decision

Solid Energy New Zealand Limited (Administrators Appointed) (SENZ) has been advised by Genesis Energy Limited that it is terminating its coal supply agreement. Voluntary Administrator, Brendon Gibson says that Solid Energy had been in discussions with Genesis for some time and was aware that it was considering its position. “The Board had been working tirelessly… Read more »