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Pike River was overly optimistic: Solid CEO

THE combination of financial pressures and tough geotechnical conditions increased the safety risks at the Pike River mine before disaster struck last year according to the chief executive officer of New Zealand’s largest coal producer.

Blair Price
Pike River was overly optimistic: Solid CEO

The first day of the Royal Commission hearings revealed that construction costs of the underground West Coast coal mine soared from $NZ29.3 million ($A22.81million) in 1997 to $207 million in 2007. ...

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