Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Gerry Brownlee To Open Pike River Coal Mine

Economic Development Minister To Open Pike River Coal Mine

Economic Development Minister Gerry Brownlee will formally open Pike River’s new underground mine next Thursday (27 November) as coal stockpiles start to grow.

The new mine is creating jobs, strengthening the regional economy, and will earn the New Zealand Government millions of dollars in taxes and royalties over the 18 year life of the mine.

Pike River started production of premium hard coking coal from the Brunner seam of the Paparoa Ranges on 17 October 2008 and the output is destined to fuel coke plants and steel mill furnaces in India, Japan and other international markets.

Chief Executive Gordon Ward welcomes the decision of the Minister to open the mine because it reinforces the government’s priority on building and improving New Zealand’s economic performance.

“Pike River is going to contribute towards that growth and it’s good to have government recognition as we get underway,” he says.

The mine is scheduled to produce 200,000 tonnes by the end of June 2009, and then achieve its full production rate of one million tonnes a year from July 2009.

For Mr Brownlee, it will be his first official function as Minister for Economic Development.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Marsden Pipeline Rupture: Report Calls For Supply Improvements, Backs Digger Blame

The report makes several recommendations on how the sector can better prevent, prepare for, respond to, and recover from an incident. In particular, we consider it essential that government and industry work together to put in place and regularly practise sector-wide response plans, to improve the response to any future incident… More>>

ALSO:

Oil Scare: Trump Authorises Use Of Emergency Crude Stockpile

The New Zealand dollar fell against the US dollar after President Donald Trump authorised the use of the country's emergency crude stockpile after the weekend attack on Saudi Arabia’s major oil facilities. More>>

ALSO:

Pre-Post-Brexit Deal Talks: UK Trade Minister Visits Wellington

New Zealand should get a better deal for exports of sheepmeat, beef and dairy products into the United Kingdom after Brexit, the British Minister of State for Trade, Liz Truss, said in Wellington today. More>>

ALSO:

Not-Very Well: Tamarind Halts Tui Drilling; OMV Assesses Options

Tamarind Resources has halted drilling at its Tui oil field off the Taranaki coast after the first of the three planned wells came up dry. Managing director Ian Angell says that despite the “unexpected” result from the first well, the firm believes the other two prospects are worth pursuing. More>>

ALSO:

Seeking 'Clarity': Crown To Appeal Southern Response Decision, Offers Costs

“It is our intention that the clarity that will come from the outcome of these proceedings will enable the Crown to work with Southern Response to provide a soundly based proactive solution to those people that are affected.” More>>