Pike River Coal Disaster was Preventable: Report

Bloomberg reported that an enquiry found that the New Zealand government and Pike River Coal were ultimately responsible for a blast nearly two years ago that killed 29 men.

As quoted in the market report:

Pike River Coal Ltd., the mine’s owner, lacked the necessary systems and infrastructure necessary to safely produce coal, the Royal Commission that investigated the tragedy said in its report released today. Ventilation and methane drainage systems were insufficient and “numerous” warnings of methane build-up to explosive volumes weren’t heeded, it said.

To view the whole Bloomberg report, click here.