Solid Energy New Zealand

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Solid Energy New Zealand
legal form Limited
founding February 24, 1987
Reason for dissolution The company has been in the final phase of liquidation since March 16, 2018
Seat Christchurch , New Zealand
management Dan Clifford ( CEO ) (2016)
Number of employees 398 (2016)
sales 320.6 million NZD (2016)
Branch Mining , energy
Website www.solidenergy.co.nz

Conditioning of Solid Energy New Zealand in Ngakawau the New Zealand State Highway 67 , Buller District , West Coast

The Solid Energy New Zealand is a State-Owned Enterprise (state-owned enterprise) of coal mining in New Zealand and the largest company of its kind in the country was. The company is based in Christchurch .

The company has been in a controlled self-liquidation phase since 2015 and has been in the final phase of liquidation since March 16, 2018.

history

The Solid Energy New Zealand was in 1987 as Coal Corporation of New Zealand , and it began from the established 1901 State Coal Mines produce department.

Coal was first found and mined in New Zealand in 1849 at Saddle Hill in Dunedin and on the West Coast in 1864. In 1896, most of the West Coast's cabbage mines were owned by the Union Steam Ship Company and four years later, coal, the country's main source of energy, reached the Coal production in New Zealand hits the 1 million ton mark. At that time all mines were in private hands and the main focus of coal mining was on the west coast. In order to solve this dependence on private companies, the government under Prime Minister Richard Seddon established The State Coal-mines Act, 1901, and the subsequent The State Coal-mines Amendment Act, 1902 , which regulated monetary matters , the State Coal Mines Department and from then on operated its own mines. The department was based in Greymouth , at the time the center of coal mining and coal shipping. The dependence on coal as an energy carrier slowly decreased, but in 1940 it was still half of energy production and was mainly used for industry, in gas works, for railroad traffic and for private house heating. Ten years later, State Coal Mines was the largest coal producer with 28 pits and 13 open pit mines.

In 1975 the government started an exploration program with the result of being able to demonstrate resources of 14 billion tons in 1989 and continued to rely on coal as an energy source.

On February 24, 1987, as part of the state privatization program, the State Coal Mines Department was dissolved and the coal mining activities were transferred to the newly formed for-profit and state-owned Coal Corporation of New Zealand . In 1996 the name of the company was changed to Solid Energy New Zealand .

In 2017, the company announced that the company's annual coal production is around four million tons, 70% of which is used in steel production. After the drop in the price of coal around the world from 2013 onwards, after losses of NZ $ 400 million in 2015, the company began to liquidate itself, called Voluntary Liquidation . In August 2017, the company sold assets to smaller companies and to Māori, as well as the Stockton Mine on the West Coast , Rotowaro and Maramarua in the Waikato region to a consortium of companies that said they wanted to take over 99% of the miners. Since March 16, 2018, the company has now found itself in its final phase of liquidation.

Areas of activity of the company

The company operated five mines on the South Island of New Zealand, four of which were open-cast and one was an underground mine :

  • The Stockton Mine was the largest open pit coal mine in New Zealand. The mine is located around 25 km northeast of Westport and supplied coal for steel production. After being taken over by a consortium of companies, the mine will deliver coal to Japan and India, among others. The mine’s resources are expected to last until 2028.
  • The Reddale Mine in an open-cast coal mine near Reefton . It was opened in 2012 and supplies steam coal for industry and private consumption.
  • The Spring Creek Mine is an underground mine producing bituminous coal. The mine is north of Greymouth .
  • The Ohai Mine is an open pit mine that was reopened two years later after its closure in 2009 to yield 50,000 tons of coal.
  • The New Valve Mine is an open-cast coal mine with a capacity of 250,000 tons per year in the eastern part of the Southland region . The coal is supplied to the local industry and to a local Fonterra dairy .

The company operated two mines on the North Island, one open-cast and one underground:

  • The Huntly East Mine is an underground mine north of Huntly . Most of the coal is used for steel production in the nearby New Zealand Steel mill in Glenbrook .
  • The Rotowaro Mine is an open pit coal mine 10 km west of Huntly . The mine is the second largest open pit coal mine in New Zealand and was opened in 1915. After its closure, the mine was reopened in 1958 and supplies coal for the nearby steelworks and for the Huntly power station of the Genesis Power company .

literature

  • Department of Internal Affairs (Ed.): Chronology One - New Zealand Mining and Coal Production Profile . Christchurch July 1, 2011 (English, Online [PDF; 137 kB ; accessed on March 3, 2017]).
  • Solid Energy New Zealand (Ed.): Annual Report 2016 . Christchurch 2016 (English, Online [PDF; 529 kB ; accessed on March 3, 2017]).

Individual evidence

  1. ↑ a b c Annual Report 2016 . 2016.
  2. ↑ a b Luke Kirkness : Solid Energy enters final stages of liquidation process . In: New Zealand Herald . NZME. Publishing , March 20, 2018, accessed May 14, 2019 .
  3. ^ A b c Solid Energy New Zealand Limited . New Zealand Companies Office , accessed May 14, 2019 .
  4. ↑ a b c d Chronology One - New Zealand Mining and Coal Production Profile . 2011.
  5. ^ Alan Sherwood, Jock Phillips : Coal and coal mining - The 20th century - State Coal Mines . In: Te Ara - the Encyclopedia of New Zealand . Ministry for Culture & Heritage , September 7, 2016, accessed March 3, 2017 .
  6. ^ State Coal-mines Amendment . (PDF; 663 kB) Legislation New Zealand , accessed on March 3, 2017 (English).
  7. ^ Mining - The State Coal Mines Department . In: The Cyclopedia of New Zealand . The Cyclopedia Company , Christchurch 1906, Nelson, Marlborough & Westland Provincial District , S.  581 (English, online [accessed March 3, 2017]).
  8. ↑ a b Solid Energy sells off last of its significant assets . In: Radion New Zealand . September 1, 2017, accessed May 14, 2019 .
  9. ↑ Our Operations . (No longer available online.) Solid Energy New Zealand , archived from the original on March 27, 2017 ; accessed on May 14, 2019 (English, original website no longer available).
  10. ↑ Stockton Mine . (No longer available online.) Solid Energy New Zealand , archived from the original on March 26, 2017 ; accessed on May 14, 2019 (English, original website no longer available).
  11. ↑ Reddale Mine . (No longer available online.) Solid Energy New Zealand , archived from the original on April 7, 2017 ; accessed on May 14, 2019 (English, original website no longer available).
  12. ↑ Spring Creek Mine . (No longer available online.) Solid Energy New Zealand , archived from the original on March 26, 2017 ; accessed on May 14, 2019 (English, original website no longer available).
  13. ^ Solid Energy to reopen Ohai mine . Radio New Zealand , June 24, 2011, accessed March 3, 2017 .
  14. ^ New Vale Mine . (No longer available online.) Solid Energy New Zealand , archived from the original on March 27, 2017 ; accessed on May 14, 2019 (English, original website no longer available).
  15. ^ Huntly East Mine . (No longer available online.) Solid Energy New Zealand , archived from the original on March 26, 2017 ; accessed on May 14, 2019 (English, original website no longer available).
  16. ↑ Rotowaro Mine . (No longer available online.) Solid Energy New Zealand , archived from the original on March 26, 2017 ; accessed on May 14, 2019 (English, original website no longer available).