NZ govt could own Pike River: PM

New Zealand Prime Minister John Key has not ruled out the possibility of his government owning the Pike River Coal mine.

Key told an Auckland radio station that the large amount of coal still located in the mine could mean the government could eventually end up as the owners.

"What’s also true is that if there was a safe and credible option we would love to get the remains out from the Pike River Mine and I know those families want their loved ones back," he told Newstalk ZB.

He said he will not rule out owning the mine, which the government could acquire a number of ways, either directly or indirectly through Solid Energy, the most prominent of bidders for the embattled coal mine on New Zealand’s west coast.

He says there is currently no formal proposal to buy the mine and it’s in the hands of the receiver.


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