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Pike River Coal Producers Prepare Shipping Coal To India And Continue Talk With Korea, China
Pike River Coal to continue talks with China and Korea on the sale of coal to China and Korea. Pike River mining companies have signed agreements with China and Korea to send coal mine production to China and Korea for three years.
Pike River Coal Company Reported Coking Coal and Coal Mine Production To March 31, 2009
Pike River Coal Limited has made good progress with restoring ventilation to its hard coking coal mine following a rockfall in February 2009. Coal production with one of the continuous miner machines is to recommence at the start of May 2009, once reaming and lining of a 600mm diameter ’slimline’ hole is completed.
International Coal Ventures Talks With New Zealand-based Coal Mining Company for Coal Asset Buyouts
International Coal Ventures (ICVL), a vehicle floated by five public sector companies, is in talks with three New Zealand-based coal
mining firms — Te Kuha, Tatu and Coal Brookdale — and a US-based coal company Tennessee for buyouts worth $450-500 million.
Pike River Coal Report Mining Exploration Result at West Coast
Pike River Coal said today it has struck coal at its West Coast mine after two years of tunnelling to reach one of the most valuable coal deposits in the country.
Tunnellers cut through the last few metres of an access tunnel stretching nearly 2.3km under the Paparoa Range to intersect with the Brunner seam of [...]
Coal Mine Exploration Company, Pike River Coal’s rise arrested by 10% fall
Volatility in New Zealand’s sharemarket came home to roost for coking coal mine producer Pike River Coal whose dream share run came to abrupt halt yesterday after gaining nearly 50% in value in the past month.
Pike River shares have steadily risen 48%, from $1.67 on May 30 to trade around $2.47.
However, yesterday they fell more [...]
Mining Exploration Company, Rio Tinto Group Drop in Production of Steelmaking Coal, Copper, Diamonds, Zinc
Rio Tinto Group, the world’s third- largest mining company, reported a drop in production of steelmaking coal, copper, diamonds, zinc and lead as the industry struggles to grow at a time of record-high prices.
First-quarter coking coal output fell 27 percent after weather disrupted supplies from Australian and mined copper dropped 6 percent, the London-based company [...]
The price of coal trends to increase
Pike River Coal (PRC) is bullish about coal, ahead of new international prices being set next month.
Pike coal is due to come into production from late April, and prices for that coal will be influenced by November’s talks between Australian coal producers and northern hemisphere customers.
PRC chairman John Dow said supply problems had helped push [...]
Coal no longer a dirty word for Pike River float
Pike River Coal Company’s moment of truth arrives on Tuesday when its long-delayed attempt to raise $65 million-plus through an initial public offering for what will be the country’s only listed coal mine closes.
The signs look good.
There are indications Pike River has managed to get acceptances for not only the initial $65m, but for [...]
First Pike River coal expected in Mar 2008 quarter
New Zealand Oil and Gas’ delayed Pike River Coal Mine is now expected to produce its first coal in the March 2008 quarter.
The regulatory approval process for a public offering of shares in the mine, near Greymouth, was well advanced, NZOG said today in an activities report for the quarter to the end of March.
