Bohannan resigns from Bathurst Resources

Article – BusinessDesk

March 24 (BusinessDesk) – Hamish Bohannan has resigned from Bathurst Resources after five years leading a coal miner whose expansion has been put on hold pending a recovery in coal prices. Read more »

Solid Energy prepares for more job cuts at Stockton

Article – BusinessDesk

March 11 (BusinessDesk) – State-owned coal miner Solid Energy is preparing for more redundancies at its Stockton mine, near Westport, as slumping global prices for coking coal threaten its long term viability and force it anew into talks with its banks … Read more »

Government must fix the mess it created at Solid Energy

Press Release – Engineering Printing and Manufacturing Union

The Government must take responsibility for the role it has played in Solid Energys current financial crisis, and support the company which has returned $600 million to the country over the past decade. Read more »

Minister of Energy and Resources to open Downstream tomorrow

Press Release – Downstream

The energy sectors annual 2-day conference Downstream is being held in Auckland tomorrow, at the SkyCity Convention Centre in Auckland. Read more »

Ex-Solid Energy JV partner, GTL, seeks briquette plant sale

Article – BusinessDesk

March 3 (BusinessDesk) – GTL Energy (New Zealand), Solid Energy’s former partner in an experimental briquette-making plant in Southland, narrowed its loss in 2014 in a year when it garnered no revenue and began preparing for the sale of the Mataura … Read more »

Govt resisting pressure to pump more cash into Solid Energy

Article – BusinessDesk

March 2 (BusinessDesk) – Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference … Read more »

TSB Bank writes off $53.9 mln Solid Energy debt

Article – BusinessDesk

Feb. 27 (BusinessDesk) – TSB Bank, the Taranaki community-owned bank, has written off the remaining $53.9 million debt exposure it had to stricken state-owned coal miner Solid Energy as the prospects of getting repaid deteriorate. Read more »

Fonterra’s Glencoal says Waikato mine delayed, not on hold

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Fonterra Cooperative Group subsidiary Glencoal has denied suggestions it has put its plans for an open cast mine in the Waikato on hold indefinitely following public opposition. Read more »

Fonterra Sneaks Round The Corner

Press Release – Coal Action Network

Fonterras subsidiary Glencoal has put its plans for an open cast mine on SH2 at Mangatangi on hold indefinitely. The local community is celebrating. They worked very hard with submissions on all the impacts of coal mining that you are allowed … Read more »

Solid Energy chair Dunphy steps down, Coupe to act as chair

Article – BusinessDesk

Feb. 24 (BusinessDesk) – Solid Energy chair Pip Dunphy has stepped down from the board of the ailing state-owned coal miner before her term expires in October. Read more »

Solid Energy’s Chair steps down

Press Release – New Zealand Government

State Owned Enterprises Minister Todd McClay has thanked outgoing Solid Energy Chair, Pip Dunphy for her hard work and strong leadership after her decision to stand down from the Board. Read more »

Socially Responsible Investment Funds remove fossil fuel

Press Release – Grosvenor Financial Services Group

Wellington, 30 January 2015 New Zealand-owned financial services provider Grosvenor Financial Services Group announced today that it has removed exposure to all directly-held fossil fuel-related companies within the two Socially Responsible Investment (SRI) … Read more »

Renewable electricity generation continues to rise

Press Release – Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment (MBIE) today published the September quarter 2014 edition of the New Zealand Energy Quarterly. Read more »

Buller loses bid to claw back interest from Brightwater

Article – BusinessDesk

Buller loses bid to claw back interest on $4 mln from Brightwater over escarpment plans Read more »

NZ government deficit exceeds forecast on Solid Energy

Article – BusinessDesk

Dec. 10 (BusinessDesk) – The New Zealand government’s operating deficit was wider than expected in pre-election forecasts as income tax lagged forecast and an indemnity for financially stricken coal miner Solid Energy weighed on the expense line. Read more »

Heads in the Sand, nationwide, Sunday 7 December

Press Release – Coal Action Network

On December 7, people at beaches across New Zealand will put their heads in the sand in a collective tribute to the Key Governments lack of action on climate change, and its ongoing threats to the New Zealand environment from mining. Read more »

CarbonScape locks down minimum $400,000 in crowdfunding

Article – BusinessDesk

Nov. 17 (BusinessDesk) – CarbonScape, the developers of a green alternative to coking coal used in steel making, has raised its minimum $400,000 target through online equity crowd funding. Read more »

Who has the real stake in Denniston Plateau coal mining?

Press Release – 350 Aotearoa

Local and national advocacy groups staged a street-theatre style stakeholder meeting this morning in Wellington, billing it as an alternative to the AGM of coal mining company Bathurst Resources, for the real stakeholders in Bathursts … Read more »

Bathurst cuts board size

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Bathurst Resources, which was last year granted consent for an open-cast mine on the West Coast’s Denniston Plateau, has trimmed down its board size as it clamps down on costs while waiting for the global coking coal market … Read more »

PM Dealing in Political Platitudes on Pike River

Press Release – New Zealand First Party

The Prime Minister John Keys confirmation that Crown Law was looking at the possibility of a civil case and the potential for proceedings against a variety of parties is nothing short of hypocrisy, says New Zealand First Leader RT Hon Winston Peters. Read more »

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