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New Zealand's Solid Energy Faces Potential $322 Million Taxpayer Bailout


Industry Segment: Power | Word Count: 436 Words

PERTH, AUSTRALIA--March 6, 2013--Researched by Industrial Info Resources (Perth, Australia)--State-owned Solid Energy (Christchurch, New Zealand), the largest coal mining company in New Zealand, is in crisis talks with the New Zealand Treasury over company debts that now total more than $322.61 million. Solid Energy attributes the problem to low international coal prices, weak demand, and the poor performance of its investment in alternative energy assets.

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