![\"Equipment](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/f167afdef6e275ff3c6ba3a965f889e0.jpeg\")
<\/p>\nAdministrators are seeking buyers for Tahmoor Coal as Sanjeev Gupta’s GFG Alliance grapples with financial turmoil, with the hope of restarting the mine and maximising returns for creditors.<\/p>\n
The Tahmoor coking coal mine, south-west of Sydney, has been non-operational since February last year after exhausting its cash reserves amid financial turmoil at Sanjeev Gupta’s GFG Alliance.<\/p>\n
Around 500 workers, including contractors, were placed on minimum pay. By November, roughly half were informed they would no longer receive wages.<\/p>\n
Its holding company, Liberty Primary Metals Australia (LPMA), was placed in administration in November.<\/p>\n
The administrator says selling Tahmoor is central to unlocking value for creditors.<\/p>\n
“Now the DOCA [Deed of Company Agreement] has been approved, one of the main questions we have at the moment is realising assets within the group,” joint administrator Michael Brereton of William Buck said.<\/p>\n
“One of those is the holding company that owns 100 per cent of the shares in Tahmoor Coal.”<\/p>\n
<\/p>\n
Expressions of interest are open as administrators seek a path to restart the Tahmoor Colliery. (ABC Illawarra: Tim Fernandez)<\/p>\n
Mr Brereton said administrators had seen strong and sustained interest in the mine, even before the formal process began.<\/p>\n
“Even at the point we were initially appointed, we were getting significant interest from parties in Tahmoor Coal itself,” he said.<\/p>\n
“We previously disclosed we received six expressions of interest before Christmas, and since then we’ve been approached by additional parties.”<\/p>\n
Three-week process<\/p>\n
The process for expressions of interest opened this week and runs until 11 February.<\/p>\n
Mr Brereton said the aim was both to maximise value and to restart the mine as quickly as possible.<\/p>\n
“The purpose of the expressions-of-interest process is to maximise value,” he said.<\/p>\n
“In addition to that, we are hopeful of seeing the mine restarted \u2014 that is in the interests of all parties.”<\/p>\n
The mine is understood to be valued in the hundreds of millions of dollars.<\/p>\n
![\"A](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/05a457ea33a249082af52da8cca985fd.jpeg\")
<\/p>\n
The process to attract investors for Tahmoor Coal is now officially underway. (Supplied: SIMEC)<\/p>\n
He said interest was coming from established coal industry players with the financial capacity to take over and reopen the operation.<\/p>\n
“From parties within the coal industry, they know the market, they know what they are doing,” he said.<\/p>\n
Asked how offers from a local consortium would be weighed, Mr Brereton said all bids would be assessed carefully.<\/p>\n
“We will consider all of the offers we get,” he said.<\/p>\n
Many factors<\/p>\n
“There are a number of factors: the value, the cost to get the mine started as soon as possible, and the financial capacity to take on the mine,” Mr Brereton said.<\/p>\n
Short-listed bidders will enter a four-to-six-week due-diligence process, with administrators aiming to complete a transaction by March or early April.<\/p>\n
“I certainly feel for the community,” Mr Brereton said.<\/p>\n
“We are doing everything we can to make sure the mine can be fully funded and restarted as soon as possible.”<\/p>\n
In a media statement, LPMA chief executive Theuns Victor said Tahmoor was an established underground longwall mine that “benefits from substantial installed infrastructure and a skilled workforce”.<\/p>\n
“We want Tahmoor Colliery to be restarted as soon as possible and we are open to all reasonable options, which includes a sale of the company.<\/p>\n
“One option is a sale where the true value of Tahmoor Colliery can be realised. Other alternatives include joint venture structures or a standalone financing solution.”<\/p>\n","protected":false},"excerpt":{"rendered":"Administrators are seeking buyers for Tahmoor Coal as Sanjeev Gupta’s GFG Alliance grapples with financial turmoil, with the…\n","protected":false},"author":2,"featured_media":428848,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,5214,181,224867,7134,37159,224866,224865],"class_list":{"0":"post-428847","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-community","12":"tag-employment","13":"tag-expressions-interest","14":"tag-sale","15":"tag-sanjeev-gupta","16":"tag-tahmoor","17":"tag-thamoor"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/428847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=428847"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/428847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/428848"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=428847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=428847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=428847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}