Pike River coal mine
24 July 2012
Ministerial consent has been granted to Solid Energy’s purchase of Pike River Coal Limited’s assets, giving effect to the transfer of its mining permits.
Two permits have been transferred; a coal mining permit (CMP 41453) and a petroleum exploration permit (PEP 38517; for coal seam gas). The permits are situated over the Pike River coalfield on the West Coast, approximately 50 kilometres north-east of Greymouth.
In determining whether consent should be granted, officials considered the financial and technical capability of Solid Energy to undertake work at the mine.
It is now up to Solid Energy to proceed with its work programme.
The Government, Pike River Mine (2012) Ltd and Solid Energy have signed a Body Recovery Deed that reflects the Letter Agreement signed on 10 May 2012 (as signalled at that time).
The Government and Solid Energy have entered an agreement for a one off payment of $750,000 as full and final settlement of the reimbursement obligation established between the Police and the receivers of Pike River Coal Limited.
The Department of Conservation has approved the transfer of the land access arrangements for the Pike River coal mine to Pike River Mine 2012 Ltd.