Crown support for Solid Energy short term, unused, says English’s office

Sun, 07 Jul 2013

July 8 (BusinessDesk) – The $100 million in asset sales proceeds earmarked to assist debt-laden Solid Energy is a short term standby facility which hasn’t been used and would see the government get its money back if it were, says Finance Minister Bill English’s office. English’s office provided the comments to BusinessDesk in response to a claim by Labour’s state-owned enterprise spokesman Clayton Cosgrove that the government had tried to cover up its commitment to the trouble state coal miner. He is also accusing the government of mistakenl...

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