Solid Energy
 |
|
| State owned enterprise | |
| Industry | mining, coal |
| Founded | 1987, Wellington |
| Headquarters | Christchurch, New Zealand |
|
Key people
|
Andy Coupe, Chair |
| Products | Coal, renewable energy fuels |
| Revenue | $370 million NZD (2015) |
|
Number of employees
|
589 |
| Website | www |
Solid Energy is 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 Zealand Limited in 1997. In 2015, it had a turnover of NZ$369.8 million and produced 2.8 million tonnes of coal.
The company mines extensively in New Zealand's Waikato and the West Coast regions. Approximately half the coal mined is exported, as it is high value with little moisture, sulphur, or other impurities. Much of this is to China, India and Japan where it is used in the power generation and coke industries and for the manufacture of steel and other metals. Major domestic users include the Huntly Power Station and New Zealand Steel at Glenbrook.
Solid Energy went into voluntary administration in August 2015. On 31 October 2016 it was announced that the company's assets had been sold to three separate buyers.
Solid Energy produces approximately 85% of New Zealand's coal annually. Each year it produces around 4 million tonnes, more than half of it for export.
Solid Energy has proposed opening two further mines: the Cypress Mine and the Mt William North Mining Project.
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Wikipedia