UPDATE 7pm:
AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today.
Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal Pty Ltd and Bowen Basin Pastoral Company) be placed in liquidation.
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But the decision gave no reassurance to former underground coal mine Cook Colliery workers, still expected to receive 52 cents in the dollar of their entitlements.
Caledon Coal Group, owned by Chinese-s…
Read the full article at: https://www.news-mail.com.au/news/breaking-cq-coal-miner-wicet-part-owner-liquidated/3207093/