The receiver of Griffin Coal says it is ramping up operations for what could be the West Australian coal miner’s last chance to trade its way out of insolvency.
Griffin Coal receiver and manager, Sean Holmes, said the mine had been buoyed by improving prices and new customers.
He said it planned to be operating “for some time to come”.
“It’s a more stable, robust operation that’s actually delivering more coal to other customers as well as more coal to Bluewaters [power station] than it probably has in a decade,” he said.
His optimism belied the fast-approaching end to state government subsidies, which have totalled more than $300 million, that have kept the business afloat since 2023.