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PIKE RIVER COAL LIMITED - ASX: PRC
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Description
Pike River Coal Limited is New Zealand's only listed coal mining company, becoming an NZX Top 50 company in July 2008. Pike River is owned by more than 8,000 shareholders and is in the business of mining and exporting premium hard coking coal.
Hard coking coal is the most valuable type of coal and is used by steel mills and coking plants to make coke, an essential ingredient in the steel making process.
Pike River is mining the Brunner seam under the Paparoa Ranges on the West Coast of the South Island, 50 miles north-east of Greymouth. At least 18 million tonnes of the 58 million tonne resource is expected to be recovered over a mine life of at least 18 years.
In a mark of support from the National-led Government for Pike River's economic development initiative, the mine was formally opened in November 2008 by its third highest ranking Cabinet Minister, Hon Gerry Brownlee.
Mine For
coal
Location of operation(s)
New Zealand
Address
Level 3, Axon House, 1 Willeston Street
WELLINGTON, , NEW ZEALAND
Phone
+64 4 494 0190
Website
Last Updated
29/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
