Pike River Coal is an exploration company of coal-mine is being building infrastructure to do exploration of coal-mine in West Coast.

This mine company builds a tunnel, cutting which will be applied to transport coal. This mine company reports tunneling which will be applied to remove coal has been reached 182m and will be continued so reaching coal seam. This mine company plans will do exploration of coal-mine at least 176 million tons in 18 years which will come.

“While it’s possible more fractured rock could again be found in this area near the fault, the most difficult mining challenge is over and tunnel advance rates are expected to improve significantly,” mines general manager Peter Whittall said.

The mine is expected to produce 100,000 tonnes of saleable coal by the end of March next year, a further 100,000 tonnes to the end of June, and from then on, an average of about one million tonnes-a-year. A coal preparation plant is nearly complete and a train load-out facility is being built at Ikamatua, 54km north of Greymouth.

Pike River shares - among the best performers on the NZX this year - rose 6c on the news to close at $2.05.

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