Energy, Land & Environment Sector

Solid Energy New Zealand Ltd (Solid Energy)

Solid Energy is involved in various mining ventures. These include mining hard coking coal primarily for export from Stockton on the West Coast, and mining thermal coal for use at the Huntly power station and for sale to a number of domestic industrial customers. Key uses for coal in New Zealand include cement, steel production, electricity and heating. Solid Energy also owns subsidiary Nature’s Flame, which produces and sells alternative heating fuels to households.

Website: www.coalnz.com (opens in a new window)

2007/10 Statement of Intent (.pdf 147kb)

Key Company Data

Company Form	State-owned enterprise
Year of Establishment	1987
Head Office	Christchurch
Chair (term expiry)	John Palmer (October 2009)
Deputy Chair	John Spencer (April 2011)
Board Membership	Alan Broome (April 2009)
	Helen Cull (October 2010)
	John Fletcher (April 2010)
	Simon Marsters (April 2011)
	John McDonald (April 2010)
	Adrienne Young-Cooper (April 2009)
CEO	Don Elder
Balance Date	30 June
Number of FTE Staff	728

 

 

Key Financial Data ($ million)	2002/03	2003/04	2004/05	2005/06	2006/07
Financial Performance
Total Operating Revenue	317.1	334.0	400.9	569.6	564.6
Net Profit After Tax	56.0	33.7	6.4	85.8	94.1
Financial Position
Total Assets	213.8	254.0	316.1	441.0	546.2
Equity	137.7	161.3	167.7	233.7	327.9

Financial data and staff member information correct as at 30 June 2007. All other information correct as at 1 May 2008.