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WA Coal Mine Griffin Coal Slides Almost $1 Billion Further into Debt Amid Government Support
ByAinvest
Sunday, Jul 6, 2025 5:31 pm ET1min read
Griffin Coal, a key WA coal mine, has slid almost $1 billion further into debt despite receiving a $308 million lifeline from taxpayers. The company's biggest customer, Bluewaters Power, is at risk of blackouts and jeopardizing hundreds of local jobs due to the tensions between the two. The government has been propping up Griffin Coal since 2022, but the company's debts have now reached $2.4 billion, with most owed to ICICI Bank.
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