Pike River reports A $1.14 million loss
2 Sep 2008
Pike River Coal has reported a $1.14 million loss in the financial year ended June 30, reflecting the development phase of its new mining operation and related one-off costs, it says.
First production of premium hard coking coal from the new Pike River mine under the Paparoa Range on the West Coast is due by the end of September 2008 and 200,000 tonnes are scheduled to be mined by June 2009.
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