MARKETS

Three parties battle for Pike CPP

THE open tender for the assets of the disaster-struck Pike River coal mine is gaining momentum wi...

Blair Price
Three parties battle for Pike CPP

However, the demountable, 1 million tonnes per annum capacity coal preparation plant was getting the most interest so far.

“There are currently two interested parties from Australia in the coal prep plant and one from overseas [Asia],” Hassall Auctions general manager operations Steve Wall told ICN.

While the CPP will end up being sold as a single item, Hassall has lotted everything individually (more than 500 lots) with photos available on its website.

“We are under instructions to leave the site clear at the ground level,” Wall said, with buildings and sheds among the assets for sale.

There is also some Australian interest in the mining consumables, such as roof bolts. There is electrical switchgear and cables for sale, along with various gas monitoring system equipment.

Wall said a lot of the gear was in surprisingly good order with most of it commissioned in 2008.

The tender closes on May 28 with the last inspection days on May 19-21.

The proceeds go to debt-ridden Solid Energy, which purchased the Pike River Coal business in July 2012.

A series of explosions rocked the New Zealand coal mine in November 2010 – killing 29 men in the country’s worst mining disaster since 1914.

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