Cross-posted from Coal Action Network Aotearoa
Last week was a bad week for coal mines on the West Coast.
Early in the week Solid Energy announced 24 workers would lose their jobs from the Stockton mine, and by the end of the week Bathurst announced that it is putting the Denniston mine on hold, laying off 12 workers – terrible news for those workers and their families.
At the heart of this is the same issue that sent Solid Energy under: plummeting coking coal prices – a price that has continued to fall, and was again cited as the reason for Solid’s new layoffs.
Over on the Denniston Plateau, Bathurst’s woes have stemmed, in the first instance, from the long-signalled closure of the Holcim plant in Westport, its biggest client. Bathurst has had to seek domestic buyers for its high grade coking coal, because of the low international price.