New Wilkie Energy (NWE), the owner and operator of the Wilkie Creek coal mine, entered voluntary administration on December 27, 2023. Initially, BRI Ferrier were appointed as Administrators, but they were replaced by KordaMentha at the First Creditors' Meeting on January 9, 2024. Additionally, FTI Consulting was appointed as Receivers.
During this process, the Receivers engaged in discussions with interested parties regarding the potential sale of the mine. A Deed of Company Arrangement (DOCA) to restart operations at the Wilkie Creek mine was approved at the Second Creditors' Meeting on September 25, 2024, and was formally signed on October 17, 2024.
The DOCA outlines several "Effectuation Steps" that must be fulfilled or waived for it to come into effect.
The proposed new owners of New Wilkie Energy have confirmed their intention to ramp up production at the Wilkie Creek mine.