Solid Energy in voluntary administration
An anti-coal group has today questioned who would consider buying struggling state-owned coal company Solid Energy, citing the recent example of an Australian mine being sold for just $1.
Solid Energy
Job cuts: 'Coal price keeps falling away'
Job cuts: 'Coal price keeps falling away'
Solid Energy did all it could to avoid the latest round of job cuts on the West Coast, the Finance Minister says, but the coal market has made it too difficult.
Solid Energy sells plant
Solid Energy sells plant
Solid Energy's briquette plant south of Mataura has been sold to Australian-based company GTL Energy.
187 jobs gone at Stockton coal mine
187 jobs gone at Stockton coal mine
Plunging global coal prices have forced Solid Energy to further slash its workforce by almost 200 jobs at its West Coast open pit Stockton mine, the country's largest coal mine.
Mining layoffs all part of 'perfect storm'
Mining layoffs all part of 'perfect storm'
Solid Energy's predicament because of slumped global coal prices reflects Bathurst Resources' dilemma.
28% revenue fall for Solid Energy
28% revenue fall for Solid Energy
Continued weak international coal prices contributed to a 28% fall in revenue in the six months ended December for troubled Government-owned coal producer Solid Energy.
Nine farms being sold by Solid Energy
Nine farms being sold by Solid Energy
One of the country's largest farm offerings is on the market in Southland, the more than 2000ha made up of nine farms held by state-owned enterprise Solid Energy.
Solid Energy restructuring plan on shaky ground
Solid Energy restructuring plan on shaky ground
Solid Energy's future appears less certain than the information released by the company yesterday on its debt restructuring by banks and a noteholder.
Coal saga nears end
Coal saga nears end
All that remains after the mothballing of Solid Energy's contentious $29 million Mataura lignite plant is a divided community and tenant farmers, says the environmental group which fought the state-owned enterprise's plans during the past two years.
Solid Energy mothballs briquette plant
Solid Energy mothballs briquette plant
Beleaguered state-owned enterprise Solid Energy is mothballing its contentious $25 million lignite-to-briquettes plant near Mataura.
Solid Energy plan to invest
Solid Energy plan to invest
Troubled state-owned coal miner Solid Energy is looking to the future and a reinvestment in its key coal mining regions once there is a sustained improvement in the market.
Pressing issues for mining conference
Pressing issues for mining conference
The effects of plunging global commodity prices will be high on the agenda of New Zealand's annual mining conference this week, with hundreds of New Zealand jobs shed during the past year and all companies under operational reviews.
More coal job losses at Stockton
More coal job losses at Stockton
Solid Energy has signalled further redundancies at its Stockton mine in the face of an ongoing decline in global coal prices.
Asset sales funds for ailing SOE
Asset sales funds for ailing SOE
The Government's tagging of $100 million to prop up ailing state-owned enterprise Solid Energy from the $3.5 billion Mighty River Power part-sale has been described by Labour as a ''cover-up gone wrong''.
Briquette plant will operate in the interim
Briquette plant will operate in the interim
Solid Energy's $29 million briquette plant will stay in Mataura for the short term, but its future is not certain, as the state-owned-enterprise hands operations over to its Australian-based partner.
The Solid Energy saga
The Solid Energy saga
The collapse of state-owned coal producer Solid Energy has been well documented in recent months.
Solid Energy disclosure call
Solid Energy disclosure call
Labour leader David Shearer is calling for fuller disclosure on Solid Energy's spending and management.
Solid Energy bail-out cost likely to rise
Solid Energy bail-out cost likely to rise
Any Government bail-out of financially stricken Solid Energy could cost far more than the $389 million of debt identified by Minister for State Owned Enterprises Tony Ryall.
Falling coal price reason for troubles
Falling coal price reason for troubles
Solid Energy's financial woes became public in August last year, when it flagged the likelihood of a $200 million slump in revenue.
SOE likely to drop briquette plant
SOE likely to drop briquette plant
Solid Energy's controversial plans to utilise billions of tonnes of Southland lignite appear to be at an end as the company fights for its financial survival.