Solid Energy based failed strategy on non-existent analysis, papers show

Tue, 21 May 2013

By Pattrick Smellie May 21 (BusinessDesk) - The ambitious growth strategy that has imperilled Solid Energy was developed on a far more optimistic outlook for oil and coal prices than its industry peers, but it had no analysis to back those views, Treasury papers released today under the Official Information Act show. The plans, which included converting low grade Southland coal to fertiliser and diesel, first appeared seven years ago, but it took another five for the Treasury to discover the company had nothing to back the bullish view on oil...

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