Bank Repossession

The company at the centre of last month's deadly mine explosions   and all over the news for the mine tragedy in New Zealand has been dealt another blow as it was placed in receivership. New Zealand Pike river Mine in recievership The mine's main shareholder “New Zealand Oil and Gas Ltd” has appointed Price Water house Cooper ( PWH) as the receiver at the request of the mining company's board. Spokesperson for Pike River Coal says it is in a delicate financial position and is unlikely to be able to repay its loans About Pike river coal Mine The Pike River Mine is a coal mine operated by Pike River Coal Ltd 46 km (29 mi) north-northeast of Greymouth in the West Coast Region of New Zealand 's South Island.It was to begin production in early 2008, and was initially expected to produce around one million tonnes of coal per year for around 20 years http://www.pike.co.nz/ A series of explosions one after the other rocked the underground mine near...

Some recent liquidations anounced 2010 List of liquidations starting 2010 Griffin Coal (All Administrators Appointed) - Australia The Griffin Coal Mining Company Pty Ltd ACN 008 667 285 W.R. Carpenter Holdings Pty Ltd ACN 008 401 796 Griffin Energy Group Pty Ltd ACN 008 681 696 Carpenter Mine Management Pty Ltd ACN 106 053 703 Carpenter Mine Management Holdings Pty Ltd ACN 122 080 684 (All Administrators Appointed) Date of Appointment: 3 January 2010 Appointees: Brian McMaster, Scott Kershaw, Cliff Rocke and Mark Mentha Administration Contact KordaMentha Perth Office T: +61 8 9220 9333 F: +61 8 9220 9399 http://kordamentha.com/main/display-creditor.aspx?CID=62 =============================================== Roadfreighters liquidation – New Zealand A nationwide freight transport firm Rapid Roadfreighters, collapsed just before Christmas, has left as much as 250 workers jobless and they have started job search in the midst of u...