Scoop has an Ethical Paywall
Sale of Reefton Assets
MEDIA RELEASE
Sale of Reefton Assets
8 August 2017
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 purchased the Terrace underground mine.
Two weeks ago BT Mining Limited gained OIO approval for the purchase of the North Island and Stockton assets. This transaction is expected to settle at the end of August.
“With that sale, we will be progressively completing remaining operational and administrative activities by December 2017 prior to the company going into solvent liquidation by March 2018,” said Solid Energy Chief Executive Tony King.
Ends
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
