Solid Energy Annual Result Ahead of Target

Solid Energy, operating under a Deed of Company Arrangement (DoCA), reported EBITDAF of $89 million for the 2017 financial year, up from $16 million in the previous year. The result comes on the back of short-term upswings in international coal prices coupled with consistent performance across domestic operations, and was achieved amidst significant challenges for… Read more »

Solid Energy Annual Report 2017
Solid Energy Update on Pike River Unmanned Entry Project

18 September 2017 On 15 February 2017, the Government announced that it would support the investigation of an un-manned entry in the Pike River Mine drift and requested that Solid Energy stop activities relating to sealing the mine in the meantime. Terms of references for this project were finalised on 12 April 2017. Since then,… Read more »

Final milestone achieved in Solid Energy asset sales

The finalisation of the sale of the Stockton export coal operation and the two Waikato mines, Rotowaro and Maramarua to BT Mining completes Solid Energy’s asset sale process and effectively clears the path to the wind up of the company. Solid Energy Chair Andy Coupe said that with this last milestone now achieved the company… Read more »

Sale of Reefton Assets

Solid Energy has today completed the sale of its remaining Reefton assets to Moore Mining Ltd. The sale comprises the Reddale and Burkes Creek mining operations near Reefton, with the associated coal washery and plant and equipment. The sale brings to an end Solid Energy operations in Reefton, which began in 1989 when the company… Read more »

Regulatory approval of asset sale clears the way for Solid Energy liquidation

Solid Energy is pleased that BT Mining Limited has received approval from the Overseas Investment Office for the purchase of the Stockton export coal operation and the two Waikato mines, Rotowaro and Maramarua, and looks forward to settling the transaction at the end of August. Solid Energy Chief Executive Tony King said that this milestone… Read more »

Solid Energy reports progress with Pike River Mine unmanned exploration

Released 19 June 2017 Solid Energy says the Pike River Mine unmanned exploration project is making good progress and reiterates its previous statements that the video footage of the mine conditions does not in any way contradict the decision that manned re-entry is not safe. The project team working on the unmanned exploration of the… Read more »

Statement from Solid Energy re Pike River Mine 8 May 2017

Solid Energy responds to recent inaccurate media commentary about the Pike River mine in a repeated attempt to put the record straight. The directors of Solid Energy utterly reject any allegation that they are involved in any form of a cover-up. “We ask once again, what possible motive would there be for the directors, two… Read more »

Statement from Solid Energy re Pike River Mine Video Footage 1 May 2017

Solid Energy confirms that the video footage of Mines Rescue workers setting up a robot in the Pike River drift and the robot travelling 1570 metres up the drift was taken into account by the company’s experts as part of the risk assessment for the mine re-entry. Solid Energy Chief Executive Tony King said the… Read more »

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 »