Pike River sold to Solid Energy

Not a big surprise, Pike River Coal has been sold to Solid Energy:

Pike River Coal has been sold to state-owned enterprise Solid Energy under a conditional agreement, receivers for the mine said today.

The receivers said they have reached agreement with Solid Energy New Zealand for the sale of the assets of Pike River Coal.

PricewaterhouseCoopers partners John Fisk, David Bridgman and Malcolm Hollis, receivers of the coal company, today announced the agreement with Christchurch-based Solid Energy.

”The agreement is conditional upon due diligence by March 30, together with other conditions, with settlement expected in May or later depending on approvals being obtained,” Fisk said.

”We, as the receivers, are pleased with this agreement as we consider it the best way forward for all parties. As part of the agreement, negotiations will continue with the Crown to establish a trust that will help oversee efforts to enter the main area of the mine and facilitate body recovery – if it is safe and technically feasible.


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

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