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. 
Australian shares and Asian markets Friday were down on the US Federal Reserve's decision to raise the discount rate for the first time since the financial crisis. NAB's flat cash earnings result also weighed on the Australian shares. At the close, the benchmark S&P/ASX200 index declined 19.8 points, or 0.4 per cent, at 4635.1, while the broader All Ordinaries index slid 17.6 points, or 0.4 per cent, to 4656.3. The local market gained 2 per cent for the week.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) is marking a milestone in the history of the company today with the first export shipment of its premium hard coking coal to India.
ABN Newswire stocks to watch today include: Atlas Iron Limited (ASX:AGO), Emergent Resources Limited (ASX:EMG), Carbon Energy Limited (ASX:CNX) (PINK:CNXAF), Magnetic Resources NL (ASX:MAU), and Pike River Coal Limited (NZE:PRC) (PINK:PKRRF).
Pike River Coal Limited (NZE:PRC) (PINK:PKRRF) is pleased to provide Quarterly Activities Report for the period ended 31 December 2009.
Mining operations at Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) have received a boost with one of the company's continuous miners back at the mine face following completion of a software upgrade to the new traction system, says Pike River chief executive Gordon Ward.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) Managing Director Mr Gordon Ward Address To Shareholders.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) announce its Quarterly Report, this Activities Report covers activities for the quarter ended 30 September 2009 with some updates to 20 October 2009 where relevant.
Pike River Coal Limited (NZE:PRC)(PINK:PKRRF) says that production of premium hard coking coal from its new mine has been running at lower rates than envisaged in the schedule issued to the stock exchanges on 21 July 2009, due mainly to early geological complexity and machinery difficulties resulting in slower roadway development driveage.
Stockpiles of premium hard coking coal are now building at Pike River Coal Limited (NZE:PRC)(PINK:PKRRF), hard coking coal sold at US$128 per tonne, ventilation restored to the mine, production ramp-up underway, first coal shipment delayed to mid November and hydro mining scheduled to start November.
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.
