Bathurst raises A$7.93M in placement to help fund Escarpment

Article – BusinessDesk

April 16 (BusinessDesk) – Bathurst Resources raised A$7.39 million in a discounted placement to institutional investors to help fund development of its Escarpment open-cut coal mine on the Denniston Plateau near Westport. Read more »

Bathurst Resources needs extra day for capital raising

Article – BusinessDesk

April 14 (BusinessDesk) – Bathurst Resources says it needs an extra day to complete a discounted share placement raising funds to develop its controversial Escarpment open-cut coal mine on the Denniston Plateau near Westport. Read more »

Bathurst Resources raising up to $6.87mln in placement

Article – BusinessDesk

April 14 (BusinessDesk) – Bathurst Resources, which has cut jobs and delayed the start to its controversial Escarpment open-cut mine on the Denniston Plateau pending a recovery in coal prices, may raise up to $6.87 million in a discounted share placement. Read more »

Kiwis Dump Westpac over Fossil Fuel Investments

Press Release – 350 Christchurch

Today 8 Westpac customers gathered in Christchurch to hold a mass Westpac bank account closing event. More than 160 people all over the country have signaled they plan to close their Westpac accounts this week as part of a campaign led by 350 Aotearoa … Read more »

Bathurst Resources has shares halted

Article – BusinessDesk

April 14 (BusinessDesk) – Bathurst Resources, which has cut jobs and delayed the start to its controversial Escarpment open-cut mine on the Denniston Plateau pending a recovery in coal prices, had its shares halted pending a material announcement. Read more »

Solid Energy gearing stuck around 70% unless prices recover

Article – BusinessDesk

April 11 (BusinessDesk) Solid Energy continues to forecast far higher levels of debt than sector peers and does not expect that to improve until international coal prices recover, Parliaments commerce select committee says in a report on … Read more »

Straterra Minerals Briefing Paper Launch at Parliament

Press Release – Straterra

Mining is vital to the way we live, and we believe it is time New Zealanders had the facts about how mining is integrated into their everyday lives, announced Straterra CEO Chris Baker, at the launch of Straterras Minerals Briefing Paper … Read more »

Mining lobby seeks less regulatory confusion, freer hand

Article – BusinessDesk

April 8 (BusinessDesk) The mining industry lobbyist, Straterra, is calling for improved administration of New Zealands environmental and minerals regulations and wants the low-impact activities of mineral prospecting and exploration made automatically … Read more »

NZ government to sell full 49% of Genesis Energy

Article – BusinessDesk

March 26 (BusinessDesk) The government will sell 49 percent of Genesis Energy in the last of its scheduled asset sales after feedback from institutions and brokers gave it confidence it didnt need to reduce the size of the selldown. Read more »

NZ Super Fund eyes North American energy market with US$250M

Article – BusinessDesk

March 21 (BusinessDesk) – The New Zealand Superannuation Fund will invest up to US$250 million with New York Stock Exchange-listed KKR to gain exposure to the growing disruption in North American energy markets created by shale oil and gas resources. Read more »

Bridges: Speech to NZ Energy Conference 2014

Speech – New Zealand Government

Energy is an integral part of our lives. It is the foundation on which we build economic growth, prosperity and progress in our societies. Across the globe, we are all facing the same basic energy challenge. Read more »

GTL Energy’s NZ unit posts wider loss

Article – BusinessDesk

GTL Energys NZ unit, with option on Solid Energys idled briquette plant, posts wider loss Read more »

Solid Energy appoints new Chief Executive Officer

Press Release – Solid Energy NZ

Solid Energy has appointed Australian mining executive, Dan Clifford, as Chief Executive Officer. Mr Clifford, who currently works for Glencore as General Manager of the Ulan Complex which incorporates an opencast and two underground mines in New South … Read more »

Solid Energy names Glencore’s Dan Clifford as CEO

Article – BusinessDesk

March 11 (BusinessDesk) Solid Energy, the unprofitable state-owned coal miner, has named an Australian mining manager at Glencore Xstrata as its chief executive after a year-long search following the departure of Don Elder. Read more »

Energy Amendment Bill call for submissions

Press Release – Office of the Clerk

The Commerce Committee is currently considering the Energy (Fuels, Levies, and References) Amendment Bill. The bill proposes amendments to the Energy (Fuels, Levies and, References) Act 1989 to provide for the costs of meeting New Zealand’s oil stockholding treaty … Read more »

What agreement did the Government make with Indian coal inte

Press Release – Coal Action Network

Statements made in Indian media by Indian Steel Minister Beni Prasad Verma after he met with Energy Minister Simon Bridges on 30 January indicate a clear expectation of some kind of deal between the two Governments on coal, said the Coal Action Network … Read more »

Govt must be up-front about sale of Solid Energy assets

Press Release – Green Party

Today in Parliament the Green Party exposed the National Governments possible plans for backdoor privatisation of state-owned energy company Solid Energy. Read more »

Solid Energy faces more losses on coal prices

Article – BusinessDesk

March 6 (BusinessDesk) – Solid Energy, the state-owned coal miner, faces more losses as it contends with muted coal prices on a global market thats been flooded with product from the US and Australia amid dwindling demand from the likes of China. Read more »

Solid Energy admits debt levels led to near-collapse

Press Release – New Zealand Labour Party

Solid Energy admits debt levels, not coal, led to near-collapse Solid Energy has admitted that if it had a debt level appropriate for a major mining company when coal prices fell in 2012 it is most unlikely the SOE would be in the perilous … Read more »

Pike deal documents should be made public

Press Release – New Zealand Labour Party

Attorney-General Chris Finlayson must make public the decisions made by Crown Law or other government agencies not to prosecute Peter Whittall after $3.4 million was made available to the victims’ families, Labour’s Justice spokesperson Andrew Little … Read more »

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