Solid Energy is the state owned mining company that may buy the Pike River coal mine. The mine, at which 29 bodies of men trapped after an explosion in November 2010 are yet to be recovered, has been in receivership with Pricewaterhouse Coopers.
Last week the receivers said that they were going to sell the mine. That is when the Solid Energy mining company announced that it was interested in acquiring mine. The Pike River coal mine has estimated $6 billion worth of coal but Chief Executive Don Elder said that the recovery of the 29 bodies would be the priority for the government run company.
Hyping up their claim the company said in a statement that it was almost certainly the only company with the credibility, knowledge, experience and track record to mine the resource safely and economically. There have been about a dozen expressions of interest for the Pike River mine since it was handed into receivership.
Don Elder said that Solid Energy would consider all feasible options to recover the bodies of the 29 miners who died in the November 19, 2010 explosion in the underground mine. He also said that the Pike River Mine should not be sold to an overseas company which may not have the knowledge, understanding and experience to deliver.