Solid energy new zealand

Solid Energy New Zealand Continuous Disclosure

Apr 7, 2017· New Zealand state owned enterprises (SOEs) must disclose conditions of material transactions entered into and information that has an impact on their commercial value, as well as providing detailed financial results at the end of each half and full financial year. Solid Energy''s current materiality threshold for disclosure is $25 million.

Solid Energy enters final stages of liquidation process

Solid Energy New Zealand has entered the final stages of being wound up by going into solvent liquidation. The state-owned enterprise entered voluntary liquidation in 2015 after owing $400 million

Solid Energy New Zealand Board of Directors

Formerly a lawyer, he has had more than 30 years'' experience in investment banking. As well as directorships with Briscoes Group Ltd, Gentrack Group Ltd, Kingfish Ltd, Barramundi Ltd and Marlin Global Ltd, he is Chairman of the New Zealand Takeovers Panel and Farmright Ltd, and is a chartered member of the NZ Institute of Directors.

Solid Energy New Zealand Industry History: Greymouth

In 2000 Grey Coal, a joint venture between Solid Energy and Todd Energy, opened an underground mine at Spring Creek, planned as a replacement for Strongman 2 which closed on August 15 2003. Development was temporarily halted in February 2001 but following Solid Energy''s purchase of Todd''s half share of the venture in 2002, mining

Solid Energy New Zealand Rotowaro Mine

The majority of Rotowaro coal goes by overland conveyor to Genesis Power Ltd''s Huntly Power Station and by rail to New Zealand Steel''s Glenbrook steel mill. For information about the Rotowaro Opencast Mine when it was owned by Solid Energy, download our . Rotowaro Mine Fact Sheet (PDF, 3.2 MB). Our Operations. Our Sites; Huntly East

Will New Zealand keep Solid Energy afloat?

"Solid Energy chief calls it a day". The New Zealand Herald. Retrieved 5 February 2013. ^ Trevett, Claire (22 February 2013). "Crisis at state coal firm but Govt vows to save it". The New Zealand Herald. Retrieved 22 February 2013. ^ "No more bonuses – English". 3 News NZ. 22 February 2013. ^ "New Zealand government will keep Solid Energy afloat".

Who is Solid Energy?

It was formed in 1987 from the former Government department State Coal Mines. The company''s annual production was approximately 4 million tonnes, of which about 70% is used in steel making. Solid Energy''s main mining operations were in Waikato in the central North Island and in the West Coast/Buller region.

Solid Energy

OverviewCoal operationsRetrenchment 2011 to 2015Lignite conversion proposalsRenewable energy operationsOpposition groupsSee alsoExternal links

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government. The company was formed from the former government department State Coal Mines. It was then established as a state owned enterprise called Coal Corporation in 1987 (known as Coalcorp), and renamed Solid Energy New Ze

Solid Energy New Zealand Industry History: Buller

State Coal began exporting coal to Japan in 1975 and in 1980 new coal handling facilities were built at Ngakawau. By 1995 one million tonnes of coal had been mined at Stockton. The aerial ropeway is still used to transport coal from the plateau, but was shortened to 2.2 km in 2001 to improve efficiency.

Is Solid Energy a state owned company?

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government . The company was formed from the former government department State Coal Mines.

Solid Energy New Zealand Mining Terminology

NZMIA New Zealand Minerals Industry Association. opencast Mining by removal of the surface layers, working from above, not from shafts or tunnels. overburden Rock and materials that must be removed prior to mining the mineral deposit beneath

Solid Energy begins Underground Coal Gasification successfully in New

Apr 17, 2012· Solid Energy has successfully started up its NZ$22 million Underground Coal Gasification Pilot Plant near Huntlyinthe Waikato.The plant is now producing synthetic gasfrom coal. The company believes it is the first in the world to access energy from a single coalfield using four different technologies: underground mining, opencast mining,coal

Solid Energy New Zealand Publications

Dec 31, 2012· How coal is formed, the different types of coal and their uses, and coal resources in New Zealand. (PDF, 1 MB) Coal – the World''s Leading Energy Source Coal is used for energy, steel making, and to produce specialist products such

Where is Solid Energy located?

Solid Energy''s main mining operations were in Waikato in the central North Island and in the West Coast/Buller region. Waikato coals are sub-bituminous, supplied predominantly to the New Zealand Steel plant at Glenbrook and Genesis Energy''s Huntly Power Station.

Solid Energy New Zealand Final milestone achieved in Solid Energy

Aug 31, 2017· Final milestone achieved in Solid Energy asset sales. 31/08/2017. The finalisation of the sale of the Stockton export coal operation and the two Waikato mines, Rotowaro and Maramarua to BT Mining completes Solid Energy''s asset sale process and effectively clears the path to the wind up of the company.

Solid Energy New Zealand 2013

News. 22/10/2013 Solid Energy secures financial restructuring package from Crown and lenders. Solid Energy has secured a financial restructuring package with the Crown and the company''s commercial lenders, having received majority support from its bank creditors and note holders at meetings held earlier today in Christchurch.

Solid Energy sells off last of its significant assets

Sep 1, 2017· Solid Energy collapsed in 2015, after falling coal prices left it unable to pay almost $400 million of debt, bringing more than seven decades of state coal mining in New Zealand to an end. After intense talks, some of Solid Energy''s assets were sold to small companies and some to Māori under a right of first refusal.

Solid Energy New Zealand Coal Transport

Within New Zealand coal is carried from Solid Energy mine sites to our major customers for the most part by rail, with smaller volumes delivered by road. In the Waikato, coal is railed directly from our Huntly East Underground and Rotowaro Opencast Mines to New Zealand Steel''s Glenbrook Mill and from Rotowaro to Genesis Energy''s Huntly

Solid Energy Annual Report 2012

SOLID ENERGY NEW ZEALAND LTD ANNUAL REPORT 2012 PG5 BUSINESS PERFORMANCE Cashflows from operating activities were up 10% to $142.2 million (2011: $129 million) of which $81 million was reinvested to sustain and grow the business. During the year, we met a number of key milestones in delivering our long-term 2012

Solid Energy New Zealand Spring Creek Mine

Spring Creek coal was used by industrial customers in New Zealand and exported to steelmakers through Lyttelton Port of Christchurch. Mining at Spring Creek was done with high-pressure water cannon (hydraulic monitors). In late 2012 Solid Energy placed its Spring Creek Mine into care and maintenance, part of a wider company reorganisation

Solid Energy New Zealand The Waikato Coal Region

The Rotowaro coalfield is located 10 km southwest of Huntly and supports a number of opencast mines including Solid Energy''s Township and Awaroa opencast mines. Both the lower and upper Waikato coal measures are present. The lower measures are up to 200 m thick, while the upper measures reach 100 m.

Solid Energy New Zealand Southland Coal Region

The lignite resources of the Southland coal region comprise a reported 71% of New Zealand''s recoverable coal resources. The various coalfields within this region are multi-seam with up to 15 minable horizons. Most of the Southland coal region basement rocks are Early to Middle Mesozoic vocanigenic greywackes and argillites.

Solid Energy New Zealand Environment

Environmental management is integral to Solid Energy''s business. We aim to manage, mitigate and, where possible, prevent significant negative environmental effects from our operations. Our people and contractors support this aim through our incident/hazard reporting system, by identifying and reporting actual or potential incidents we aim to

Solid Energy Information Release | The Treasury New Zealand

Mar 17, 2016· Treasury Report T2011/2373: Solid Energy New Zealand Scoping Study Report - 4 November 2011 - Solid Energy Information Release PDF. 449.5 KB. Treasury Report T2011/2224: Solid Energy NZ Ltd (Solid Energy): Preparation for the 2011 Annual General Meeting (AGM) - 14 October 2011 - Solid Energy Information Release PDF.

Solid Energy New Zealand Our Operations

Our Operations Solid Energy''s Coal Business. Prior to it''s sale to BT Mining Limited, Solid Energy extracted, processed, marketed and distributed coking, thermal and specialist coal from opencast mines around Huntly in the Waikato, and Westport on the West Coast.

Solid Energy New Zealand Ltd

Solid Energy is a New Zealand state owned enterprise, producing a range of locally-sourced quality energy products for home and industrial use. Sort By. All Filters. Compare. Solid Energy 25kg Coal (24) $28.73. Add to Cart. Compare. Solid Energy Premium NZ Split Fire Wood (5) $17.68. Add to Cart. Compare. Solid Energy 15L Kindling Box (22)

Solid Energy sells off last of its significant assets

Sep 1, 2017· After intense talks, some of Solid Energy''s assets were sold to small companies and some to Māori under a right of first refusal. But the biggest chunk went to a consortium of Bathurst Resources and Nelson-based food processor

Solid Energy New Zealand New Vale Mine

New Vale Mine. New Vale Opencast Mine is located on the Waimumu lignite coal field in Eastern Southland. The mine produces about 250,000 tonnes a year, supplying local industry, including Fonterra''s nearby Edendale Dairy factory. For information about New Vale Opencast Mine, download our . New Vale Mine Fact Sheet (PDF, 236 KB).

Solid Energy New Zealand Industry History: Reefton

Industry History: Reefton. Coal was first discovered in 1869 and used in the area to fuel gold crushing mills. In 1919 the Reefton Coal Company was formed to develop the Burkes Creek Mine and was bought by State Coal in 1946.

Solid Energy sales process achieves strong outcome

Oct 31, 2016· Mr Andy Coupe, Chairman, Solid Energy New Zealand Limited. Tel: Background – Asset Sales Process. Solid Energy entered Voluntary Administration in August 2015 after the directors concluded that the company had no realistic prospect of refinancing significant debt.

Solid Energy New Zealand Our Industry

In 1996 Coalcorp, as it had become, was rebranded Solid Energy New Zealand Ltd. Coalcorp and Solid Energy inherited many of the liabilities and assets of State Coal Mines. As well as operating existing mines the company is responsible for the rehabilitation of a number of former mine sites across the country.

Solid Energy begins Underground Coal Gasification successfully

Apr 17, 2012· The company believes it is the first in the world to access energy from a single coalfield using four different technologies: underground mining, opencast mining,coal seam

Solid Energy enters final stages of liquidation process

Solid Energy New Zealand has entered the final stages of being wound up by going into solvent liquidation. The state-owned enterprise entered voluntary liquidation in 2015 after owing $400...

Solid Energy New Zealand Coal Products and Uses

High Energy 22.5 Mj/kg to 32 Mj/kg resulting in lower costs per gigajoule of energy required; Sulphur – as low as 0.18% ( the lowest available in New Zealand) Solid Energy supplies a range of quality coal products, including: Hard Coking Coal and Semi-Hard Coking Coal. Low Ash (3-4%) optimal cokemaking rank, unique coals that can transform

Solid Energy New Zealand Reddale Mine

Reefton coal has long been valued for boilers because of its high reactivity and appropriate energy and ash. Opened in early 2012, Reddale originally was a short-term project. The development of additional reserves in 2013-14 extended the mine life by at least four years and further potential opencast resources are nearby.

Solid Energy New Zealand New Zealand Markets

Genesis Energy, owner of Huntly Power Station, uses Solid Energy coal to fuel its electricity generation. Solid Energy is working closely with Genesis to investigate opportunities to increase coal use and efficiency at Huntly Power Station to help meet New Zealand''s energy needs as electricity shortages threaten the country.