Solid Energy
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| Solid Energy | |
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| Type | State owned enterprise |
|---|---|
| Founded | 1987, Wellington |
| Headquarters | Wellington, New Zealand |
| Key people | Don Elder |
| Industry | mining, coal |
| Products | Coal. |
| Revenue | $400 Million NZD (2005) |
| Employees | ? |
| Slogan | n/a. |
| Website | www.solidenergy.co.nz/ |
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 private state owned company called Coal Corporation in 1987, and renamed Solid Energy in 1997. It currently has a turnover of $400 million NZD and produces 4.46 million tons of coal annually. It has plans to expand this output considerably.
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
A coal mine that has been given authorisation on land near Waimangaroa is opposed by the environmental group Save Happy Valley Campaign. They claim that the mine will contribute to acid mine drainage, climate change and the possible extinction of a species of Powelliphanta snail.
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