Solid Energy delays first-half report, says future coal price weights on debt repayment

Fri, 27 Feb 2015

By Paul McBeth Feb. 27 (BusinessDesk) - Solid Energy, the state-owned coal miner whose chair Pip Dunphy stepped down this week, will delay reporting its first-half accounts, saying forward pricing for coal may impact on its ability to meet debt repayments when they come due next year. Low coal prices are expected to remain lower for longer than previously forecast and won't recover as quickly, prompting the board to hold back the company's accounts after its monthly meeting today, it said in a statement. Despite a favourable shift in the...

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