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Since the purchase in 2011, major concerns have been raised about the financial viability of the mine. In 2016, workers went on strike following paycuts of 43% to 70 maintenance workers. In 2019, it was estimated that the mine was losing A$ 6 million a month, with total losses since 2011 running up
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declaration was indicative of the poor financial state of the company. Later in the year, the company was fined for a failure to pay former mine manager Carna Civil and
Engineering, who ran the mine for a 9 month period between March and December 2014. In November 2021, the
513:"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."
346:(ASIC) filed criminal charges against the owner, alleging that the company had failed to lodge audited financial accounts for the 2019 and 2020 financial years. The case was later expanded to include charges over the company's failure to have an Australian director.
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for A$ 730 million. The logic of the purchase has been questioned in the business media, as the company has faced difficulties and has been forced to defer pension and other payments to suppliers.
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announced a grant – effectively a loan – to the receivers and managers of the insolvent mine to enable it to continue supplying the privately-owned
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In
January 2011, the owner defaulted on debts of A$ 475 million, and sought outside buyers. Two months later, it was acquired by the Indian firm
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Concern has been expressed over the possibility of bankruptcy, as the
Griffin mine acts as the sole supplier of coal to the
353:, responsible for generating approximately 15% of Western Australia's electricity. Griffin also acts as a supplier to
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in response to large-scale rainfall affecting coal pit operations. State politicians raised concerns that the
687:"Dev Sindhu: The mystery man at the centre of a deepening crisis threatening an Australian energy grid"
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annually. In
September 2022 its current owner, the Griffin Coal Mining Company, a subsidiary of
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605:"Indian-owned Australian coal mine suffers 'another nail in the coffin' after big legal loss"
379:"Indian owners of failed West Australian coal in $ 1 billion quest to salvage calamitous bet"
433:"McGowan government hands cash to struggling Griffin Coal amid looming summer energy crisis"
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in
Western Australia, producing about 2.5 million tonnes (5.5 billion pounds) of
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550:"WA coal 'in crisis', MP says, as major mine losing $ 6m a month teeters on the brink"
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657:"Besieged Indian-owned coal mine hit by further charges as corporate cop widens case"
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713:"Australian coal-fired power plant bought for $ 1.2b now 'effectively has no value'"
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406:"Growing WA coal crisis sparks warnings of possible power crunch as summer looms"
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The mine was in operation in the 1930s and was a supplier of coal to the
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467:. Perth, WA: National Library of Australia. 19 August 1932. p. 18
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Stephens, Kate; Pancia, Anthony; De Poloni, Gian (20 December 2022).
631:"Embattled coal mine suffers blow as corporate cop presses charges"
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509:"Lanco Rebuffs Griffin Liquidation Concern With Vow to Keep Unit"
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739:"WA coal in crisis as Griffin accused of contract breaches"
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Rajesh Kumar Singh & David
Stringer (4 July 2013).
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579:"Griffin Coal workers strike over planned pay cut"
524:"Griffin Coal workers strike over planned pay cut"
464:The West Australian (Perth, WA : 1879 – 1954)
331:to A$ 1.3 billion. In 2021, Griffin Coal invoked
344:Australian Securities and Investment Commission
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488:"Lanco acquires Griffin coal for A$ 730 mn"
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320:, in competition with Newcastle Coal.
16:Coal mine near Collie, Western Australia
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318:Western Australian Government Railways
693:. Australian Broadcasting Corporation
439:. Australian Broadcasting Corporation
412:. Australian Broadcasting Corporation
385:. Australian Broadcasting Corporation
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164:Griffin Coal Mining, a subsidiary of
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404:Mercer, Daniel (17 September 2022).
308:over the Western Australian summer.
685:Mercer, Daniel (18 December 2022).
377:Mercer, Daniel (26 November 2022).
219:Western Australia Heritage Register
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795:Coal mines in Western Australia
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302:Western Australian government
138:; 101 years ago
743:Australian Financial Review
486:Sobia Khan (5 March 2011).
200:; 13 years ago
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800:Collie, Western Australia
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358:Worsley alumina refinery
351:Bluewaters power station
306:Bluewaters Power Station
300:. In December 2022 the
84:33.427077°S 116.31646°E
229:Bucryus Erie Dragline
89:-33.427077; 116.31646
459:"GRIFFIN COAL MINE"
237:Municipal Inventory
195:Year of acquisition
79: /
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719:. 16 December 2020
663:. 27 November 2021
637:. 11 November 2021
493:The Economic Times
250:Reference no.
556:. 29 October 2019
511:. Bloomberg News.
284:near the town of
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298:receivership
278:Griffin Coal
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260:Municipality
179:.griffincoal
95:Griffin Coal
22:Griffin Coal
18:
697:18 December
443:21 December
389:29 November
280:is a large
245:30 Apr 1996
87: /
74:116°18′59″E
62:Coordinates
789:Categories
471:3 February
364:References
296:, entered
242:Designated
113:Production
93: (
71:33°25′37″S
355:South32's
282:coal mine
56:Australia
717:ABC News
691:ABC News
661:ABC News
635:ABC News
609:ABC News
583:ABC News
554:ABC News
528:ABC News
437:ABC News
410:ABC News
383:ABC News
118:Products
32:Location
27:Location
312:History
203: (
172:Website
161:Company
141: (
128:History
52:Country
286:Collie
133:Opened
749:7 May
723:7 May
667:7 May
641:7 May
615:7 May
589:7 May
560:7 May
534:7 May
156:Owner
42:State
751:2022
725:2022
699:2022
669:2022
643:2022
617:2022
591:2022
562:2022
536:2022
473:2016
445:2022
418:2022
391:2022
290:coal
254:6345
234:Type
205:2011
198:2011
181:.com
143:1923
136:1923
122:Coal
183:.au
177:www
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