MARKETS

Fresh hopes of Pike bodies retrieval

TWO potential methods to safely retrieve the bodies of 29 miners lost in the horrific 2010 Pike R...

Lou Caruana
Fresh hopes of Pike bodies retrieval

The group believes both methods could potentially satisfy safety and technical criteria, but more work is required before a deciding is preferable.

“Progress is being made, but there is more work to do,” the group said in a statement.

“Work on both methods will proceed in parallel.

“Once there is general agreement about the preferred option, further work will be needed on various elements to firm the plan up. Then it will be reviewed by the High Hazards Unit, as safety is paramount, and then ministers will consider it.

“The government has indicated it is prepared to fund a safe, technically feasible and financially credible drift exploration project if one is developed.”

There will be an update once decisions have been taken at the end of the process. However, there will be no detailed comment from working group members while this process is going on, it said.

Pike families met with representatives from the government High Hazards Unit, Solid Energy and the Mines Rescue Trust in Christchurch on Tuesday to determine whether there was a safe and technically feasible way to access the 2.3km tunnel within the Pike River mine.

Prime Minister John Key indicated he would consider government funding for the mine re-entry as the financial position of the mine’s new owner, Solid Energy, deteriorates.

Solid Energy continues to struggle despite a number of initiatives to cut costs, preserve cash and restructure the business to meet the ongoing challenging global coal market.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production