Tag Archives: SOE Sales

A quiet clean-out of the Solid Energy board has begun, with two resignations by directors filed with the Companies Office this week and the appointment of an experienced Australian mining expert, Neville Sneddon, to the board. Deputy chairman John Fletcher, who has served on the Solid Energy board since May 2007, has resigned with six months still to run on …

Jonathan Underhill The Maori Council is expecting a tough fight through the courts with the government after Prime Minister John Key ended talks with Maori over how the Mighty River Power sale could help address Maori claims to rights in freshwater resources. Felix Geiringer, a barrister representing the Maori Council, says the issue is “very likely to go to court” …

The government will sell Mighty River Power shares in the first half of 2013 though its inability to pin down Maori over water rights has left financial markets warning of a discount if investors can’t quantify Treaty of Waitangi risks. Prime Minister John Key said his cabinet today shelved the contentious ‘shares-plus’ proposal that would settle claims to waterways of …