Griffin Coal
Griffin Coal Mine is a large mine in the town of Collie in Western Australia, producing about 5 mn tons of coal p.a.
In January 2011, the firm defaulted on debts of A$475 mn, and sought outside buyers.[1] Two months later, it was acquired by the Indian firm Lanco Infratech for A$730 mn. The logic of the purchase has been questioned in the business media, as the company has faced difficulties and has been forced to defer pernsion and other payments to suppliers.[2]
The mine was in operation in the 1930s and was a supplier of coal to the Western Australian Government Railways, in competition with Newcastle Coal [3]
References
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.“No winding-up order has been issued” against Griffin Coal Mining, A. Narasimhan, a spokesman for Lanco, said in an e-mail. “We are confident that there is no basis for winding up and that the matter with the Australian Taxation Office will be resolved as soon as possible.”
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
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