Solid Energy creditors to get at least 60c in $1 as assets sold

Tue, 14 Nov 2017

By Sophie Boot Nov. 14 (BusinessDesk) - Solid Energy New Zealand's creditors will get at least 60 cents in the dollar after the failed state-owned enterprise's mines are sold, up from the previous range of 45 cents to 55 cents. The state-owned enterprise, operating under a deed of company arrangement, has sold all but one of its assets, with the Stockton export coal operation and two Waikato mines sold to BT Mining, a joint venture between Bathurst Resources and Talleys Energy, in August. Spring Creek, the only mine not sold, is currently...

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