More than 70 workers sacked from Cockatoo Coal’s Baralaba coal operation seven weeks ago are still waiting to be paid their entitlements.
The workers were laid off from the operation, located south-west of Rockhampton, after the company was put into administration in November last year.
In a statement, mine administrators PPB Advisory said a Deed of Company Arrangement was signed on March 15 with company Liberty Metal and Mining Holdings. It said when the arrangement was finalised, the administrators would have enough money to pay all the outstanding employee entitlements, which was expected to occur in April.
Earlier this month, creditors approved a $100 million lifeline from a US-based investor, which State Development Minister Dr Anthony Lynham said should cover workers’ entitlements.
“We’re getting everything ready as much as the Government can possibly to do get this mine back into operation,” Dr Lynham said in an ABC report.
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