Dr. Thomas questions the Minister regarding the impact of Griffin Coal's debt on state agreement renewal negotiations, its viability, and potential insolvency. The Minister acknowledges the questions but defers providing immediate answers.

AnsweredQoN 119Legislative Council
Asked
22 February 2023
Portfolio
State Development, Jobs and Trade

QuestionView source ↗

GRIFFIN COAL —
STATE AGREEMENT
119. Hon Dr STEVE THOMAS to the minister representing the
Minister for State Development, Jobs and Trade:
I refer to the response to question
without notice 2 asked on 14 February 2023 that stated that the ''government
is currently engaging with a number of
parties, including the receivers and managers of Griffin Coal and its lenders''
to negotiate the extension of the Collie Coal Griffin state agreement,
which is due to expire at the end of June 2023.
(1) How does the $1.44 billion of
debt owed by Griffin Coal impact on the renewal negotiations?
(2) Will any of
this debt, including to local creditors, have to be guaranteed to be repaid as
part of any new agreement with Griffin Coal?
(3) How has the government assessed the viability of
Griffin Coal going forward, and what is that assessment?
(4) Has Griffin
Coal been trading while insolvent or been suspected by the government for
trading while insolvent in the last five years?

AnswerView source ↗

I
thank the honourable member for some notice of the question. I have questions
C104, C106 and C107, plus question without notice 2, from the honourable
member. I do not have C101. We will check. If it is available, the answer will
be given to the member at the end of question time if that is okay.

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