Home Page Solid Energy sells Reefton mines - NZResources.com
All articles are now Free to View!
9/8/2017 — Coal, Lignite and CSG/CBM
Solid Energy sells Reefton mines

Solid Energy has sold its remaining mining assets in the Reefton region.

The company said yesterday it had sold the Reddale and Burkes Creek mines near Reefton to Moore Mining, along with associated coal washery and plant, and equipment.

Solid Energy chief executive Tony King said 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,” King added.

Companies mentioned in article
Accessed via NZResources.com account: - no subscription / expired subscription