The administrators of Western Australia's Griffin Coal reported they have received interest in the failed miner's assets from Australia and overseas. Privately owned Griffin, which produces about 5 Mt of thermal coal a year mostly for domestic power generation, has debts of A$700 million and was placed into voluntary administration last week after it was unable to make a A$25 million payment to its bondholders.
A spokesman for administrator KordaMentha said the expressions of interest had come from state and private entities and that overseas interest had come from countries including India and China.
A spokesman for administrator KordaMentha said the expressions of interest had come from state and private entities and that overseas interest had come from countries including India and China.
Comments