The Japanese owners of a major West Australian coal-fired power station are pursuing court action to take over a loss-making, Indian-owned mine amid a worsening crisis in the state's coal heartlands.
Bluewaters, which is owned by conglomerate Sumitomo and backed by a group of so-called Wall Street vulture funds, said it was seeking to trigger step-in rights to take over Griffin Coal's mine near Collie, 180 kilometres south of Perth.
