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News Brief | April 2014

India interested in Solid Energy assets

Troubled coal company Solid Energy has said that the Indian government has expressed interest in buying some of its mines but has told a select committee that it is a matter for the New Zealand Government to consider. India is Solid Energy's largest export market, ahead of Japan and China, and is keen on securing its coal supplies. The company admits that it still faces challenges, with the spot price for coal hovering around $119 per tonne.
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