English hints at wrangling among Solid Energy’s lenders

Mon, 08 Jul 2013

July 8 (BusinessDesk) – Finance Minister Bill English has indicated that differences among Solid Energy’s banks and other lenders are to blame for the fact there is no sign of a resolution to the troubled state-owned coal miner’s emergency management regime, five months after it was first imposed. While the replacement board of directors at Solid Energy have made visible strides to slim down the workforce and rationalise the business, there has been no recent update on negotiations to deal with $389 million of debt racked up by the previous b...

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