Pike River Coal Limited (NZE:PRC) 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. 
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) has sold its premium hard coking coal for the current Japanese Fiscal Year ended 31 March 2010 at US$128 per tonne*. Coal Price Settled at US$128 per Tonne. Pike River says that settlement at this level was anticipated and matches prices reported for benchmark premium hard coking coal achieved by major Australian coal producers.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) main air ventilation shaft blockage has been successfully bypassed, ventilation fully restored and heavy coal cutting machines are now working to build coal production.
Pike River Coal Limited's (NZE:PRC)(PINK:PKRRF) main air ventilation shaft blockage has been successfully bypassed, ventilation fully restored and heavy coal cutting machines are now working to build coal production.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) has put its first heavy coal cutting machine back into action following completion of a 'slimline' ventilation hole to bring air 100 metres underground.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) 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.
Pike River Coal Limited's (NZE:PRC)(PINK:PKRRF) announces that its $41 million rights issue which closed on 17 April 2009 has been fully subscribed and scaling of shareholders applications for shares under the excess subscription facility has been necessary.
Pike River Coal Limited's (NZE:PRC)(PINK:PKRRF) has made significant strides towards becoming a coal exporter during the half year ended 31 December 2008.
Restoration of Pike River Coal Limited's (NZE:PRC)(PINK:PKRRF) ventilation shaft, blocked by a rock fall in the lower 30 metre zone, is underway.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) rights issue of NZ$41 million announced on 3 March 2009 will be fully underwritten. The renounceable rights issue is an entitlement to one share at 70 cents with an accompanying bonus option for every five Pike River shares held. The bonus options have a two year term and can be exercised at NZ$1.25 each.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) today announced it will raise NZ$45 million through an issue of ordinary shares, with accompanying bonus options, to provide funds until steady state production from hydro monitor mining is achieved.
