Tahmoor Coal Mine Enters Voluntary Administration to Avoid Liquidation Over Unpaid Insurance Premiums

Tahmoor Coal mine, owned by Sanjeev Gupta's GFG Alliance, has been placed into voluntary administration ahead of a court hearing over unpaid insurance premiums. The move aims to prevent creditors from forcing liquidation and preserve value, safeguard jobs, and allow the ongoing sale to continue. About 500 workers have been without work since the mine closed in February. A local consortium had offered $350 million to buy the mine.