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ABC News
ABC News
Business
energy reporter Daniel Mercer

Critics pan ASIC as 'toothless tiger' amid anger over collapse of critical WA coal mine Griffin

ASIC Griffin Tim Buckley Steve Thomas Coal SEC Oceania ICICI Australia Electricity

Australia's corporate regulator has been accused of failing to properly investigate a "bankrupt" coal mine whose troubles are threatening the security of Western Australia's biggest electricity system

Griffin Coal, which operates near Collie about 180 kilometres south of Perth, was pushed into receivership in September amid mounting losses and debts that totalled almost $1.5 billion.

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