Solid Energy in better position than sold-for-a-dollar Aussie coal mine, CEO Clifford says

Thu, 11 Feb 2016

By Jonathan Underhill Feb. 11 (BusinessDesk) - Solid Energy is in a stronger position than an Australian coal miner that was sold for A$1 in December, because the failed company has minimised its liabilities ahead of the planned sale of assets, says chief executive Dan Clifford. He was responding to a question from Green MP Gareth Hughes at the commerce select committee on whether there was any value left in its coal mines, or whether they would change hands for almost nothing. Junior Australian miner Stanmore Coal reportedly bought co...

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