Solid Energy needs extension of guarantee
22 Sep 2014
Commercially troubled state coal miner Solid Energy requires an extension of a government guarantee to meet the $103 million future cost of returning mined land to its pre-mined condition in order to maintain positive equity in its balance sheet.
The extension of the company's remediation indemnity extends a similar deal made in 1987, when the then Labour government corporatised state coal mines and created Coalcorp.
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