Griffin deadline extended

The bidding deadline for collapsed coal miner Griffin Coal has been extended.

The bidding deadline for collapsed coal miner Griffin Coal has been extended.

Final bidding for Griffin has been delayed by a fortnight to allow more time for potential bidders.

According to KordaMentha, the deadline has been pushed back to 19 November, whereas it was previously slated for this Friday.

It has been reported on The West that Indian power companies Lanco Infratech and GVK Power have expressed interest in the miner’s assets.

However, the most interest is expected to come from players in China and Japan.

Current interest has been described as fair.

Griffin Coal collapsed earlier this year, with debts totaling around $ 1 billion.

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