Tuesday, 31 July 2012, 11:40 am Press Release: PricewaterhouseCoopers Prosecution of Pike River Coal Update Tuesday 31 July 2012 PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (In Receivership) (PRCL) have advised the District Court in Greymouth that no plea will be entered on behalf of PRCL in response to the charges brought against it by the Department of Labour. PRCL will take no further steps in relation to those charges. Following the completion of the sale of the mine and related assets to Solid Energy, PRCL is in effect a bare shell. Even after the sale, the company owes substantial amounts of money to both its secured and unsecured...
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