❓ Dr. Steve Thomas questions the government regarding negotiations with lenders to Griffin Coal, specifically inquiring about the role of Oceania Resources' director, Mr. Dev Sindhu, and the priority of debt repayment if Griffin Coal were wound up. The Minister did not have the answers readily available.
AnsweredQoN 177Legislative Council
QuestionView source ↗
GRIFFIN COAL
177. Hon Dr STEVE THOMAS to the minister representing the
Minister for State Development, Jobs and Trade:
I refer to the answer to question
without notice 91 asked on 21 February 2023, which states ''the
government has met with representatives of
ICICI Bank and Oceania Resources as lenders to Griffin Coal'' to
negotiate the extension of the Collie Coal (Griffin) state agreement,
which is due to expire at the end of June 2023.
(1) Did the
government meet with the director of Oceania Resources, Mr Dev Sindhu, as a part
of these negotiations?
(2) Does the director of Oceania Resources, Mr Dev
Sindhu, have a management role at the current Griffin Coal operations?
(3) If yes to
(2), what operational role does he have?
(4) If no to (2),
is Mr Sindhu's role in the negotiations purely as a lender?
(5) If Griffin
Coal were wound up, would the Oceania Resources loan to Griffin Coal have
priority over and above debt owed to ICICI Bank, Certane CT Pty Ltd or local
unsecured creditors?
177. Hon Dr STEVE THOMAS to the minister representing the
Minister for State Development, Jobs and Trade:
I refer to the answer to question
without notice 91 asked on 21 February 2023, which states ''the
government has met with representatives of
ICICI Bank and Oceania Resources as lenders to Griffin Coal'' to
negotiate the extension of the Collie Coal (Griffin) state agreement,
which is due to expire at the end of June 2023.
(1) Did the
government meet with the director of Oceania Resources, Mr Dev Sindhu, as a part
of these negotiations?
(2) Does the director of Oceania Resources, Mr Dev
Sindhu, have a management role at the current Griffin Coal operations?
(3) If yes to
(2), what operational role does he have?
(4) If no to (2),
is Mr Sindhu's role in the negotiations purely as a lender?
(5) If Griffin
Coal were wound up, would the Oceania Resources loan to Griffin Coal have
priority over and above debt owed to ICICI Bank, Certane CT Pty Ltd or local
unsecured creditors?
AnswerView source ↗
Again, I thank the Leader of the
Opposition for some notice of the question. I do not have the answer to that. I
do not recall seeing that question today. The advisers are watching, so if it
has been lodged and the answer is available, I will provide it at the end of
question time.
Opposition for some notice of the question. I do not have the answer to that. I
do not recall seeing that question today. The advisers are watching, so if it
has been lodged and the answer is available, I will provide it at the end of
question time.
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