Blast mine goes into receivership

The New Zealand company that operates the coal mine where 29 miners died in a series of explosions last month has been placed in receivership.

Mon, 13 Dec, 2010 - 08:31

The New Zealand company that operates the coal mine where 29 miners died in a series of explosions last month has been placed in receivership.

Pike River Coal chairman John Dow said the largest shareholder, NZ Oil & Gas, has appointed accountants PricewaterhouseCoopers as receivers. The mine is expected to announce mass redundancies tomorrow.

More in this section

Government building damaged in Kyiv in largest Russian attack since war began

Lift the Ban on Palestine Action protest

Almost 900 arrested at central London Palestine Action protest

Boko Haram militants kill 60 in attack in Nigeria’s north-east

Courts New Zealand mine disaster Place: New Place: New Zealand Person: John Dow Person: Dow Person: David Salisbury Organisation: Zealand Organisation: Pike River Coal Organisation: NZ Oil & Gas Organisation: PricewaterhouseCoopers Organisation: Pike River Organisation: NZOG Organisation: New Zealand Companies Office

Some 475 people, most of them South Korean nationals, were detained at the site on Friday, immigration authorities said (Corey Bullard/US Immigration and Customs Enforcement via AP)

South Korea says it has reached deal with US to release 300 workers at Georgia plant

READ NOW

Blast mine goes into receivership

Unlimited access. Half the price.

South Korea says it has reached deal with US to release 300 workers at Georgia plant

Latest

Most Read