EXCLUSIVE: Alternative bidder emerges for Solid Energy

Wed, 16 Sep 2015

By Pattrick Smellie Sept. 17 (BusinessDesk) - A New South Wales-based mining investor, Mach Energy, is expected to make an alternative bid for distressed state-owned coal miner Solid Energy at today's 'watershed' meeting of creditors in Christchurch this morning. BusinessDesk reliably understands Mach will seek a 30 day delay to the vote scheduled at today's meeting of Solid Energy creditors, allowing time to undertake due diligence and make an alternative offer to the one put together by the voluntary administrators, Korda Mentha, and th...

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