Tahmoor Coal enters voluntary administration amid winding-up bid

Tahmoor Coal Pty Ltd, the owner of the idled underground coal mine south west of Sydney, entered voluntary administration on 9 February 2026 after its board, which includes steel magnate Sanjeev Gupta, appointed Joseph Hayes and Christopher Johnson of Wexted Advisors as voluntary administrators.

The appointment came as the Supreme Court of New South Wales was poised to hear a winding-up application brought by Coal Mines Insurance over unpaid premiums reportedly totalling $4.7 million, part of a broader creditor position that has intensified scrutiny of the mine’s solvency. Court materials referenced during the proceedings indicate unpaid creditor claims in excess of $18.9 million and a material uncertainty as to the company’s ability to continue as a going concern.

The voluntary administration halts the immediate prospect of liquidation and places the company under the protection of Part 5.3A of the Corporations Act. The administrators are expected to review the financial position of Tahmoor, assess the viability of the ongoing sale process and report to creditors on potential restructuring outcomes.

Tahmoor has been shuttered since February 2025 amid the wider financial turmoil affecting Gupta’s GFG Alliance. Its parent, Liberty Primary Metals Australia, entered administration in late 2025, with an expressions-of-interest campaign already underway for the sale of the mine. The company’s board said the administration is fully funded and intended to preserve value while allowing a controlled sale to proceed. In the meantime, the winding-up application has been adjourned to allow the administrators to assess the company’s position.