COMMENT No capex for Solid Energy's next big adventures just yet

Fri, 31 Aug 2012

Comment by Pattrick Smellie Aug. 31 (BusinessDesk) - Solid Energy may have said it's going to develop its carbon-rich lignite fields and get into underground coal gasification, but nothing in its apocalyptic announcements this week say the state-owned coal miner will be allowed to. As Don Elder, Solid's chief executive of the past 12 years, tells it, the global coal market went so pear-shaped in the space of a week in June that the board and management spun on a dime, reversing massive investments in underground mining operations at Spring C...

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