Saturday, August 01, 2015

Another uneconomic rail line up for closure

there are three potential paths for the company under consideration – some arrangement that would allow us to trade on, some kind of controlled sell-down, or liquidation

Solid Energy has been badly hit by falling international coal prices and has shed hundreds of jobs during the last two years

Solid Energy rails coal for export across the Southern Alps to the VoD port.

I'd suspect that export coal is the only thing keeping that line open, so if Solid Energy shuts up shop,  the trans-alpine rail route will also become uneconomic and close. 

Also anything that routs unionised viper nests in the many mines and associated industries, particularly on the union infested West Coast, has to be ultimately good for NZ Inc.


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