[1] In September 2022 its current owner, the Griffin Coal Mining Company, a subsidiary of Lanco Infratech, entered receivership.
[2] In December 2022 the Western Australian government announced a grant – effectively a loan – to the receivers and managers of the insolvent mine to enable it to continue supplying the privately-owned Bluewaters Power Station over the Western Australian summer.
The logic of the purchase has been questioned in the business media, as the company has faced difficulties and has been forced to defer pension and other payments to suppliers.
[7] In 2019, it was estimated that the mine was losing A$6 million a month, with total losses since 2011 running up to A$1.3 billion.
[12] Concern has been expressed over the possibility of bankruptcy, as the Griffin mine acts as the sole supplier of coal to the Bluewaters power station, responsible for generating approximately 15% of Western Australia's electricity.