Holding company

Pike River Coal Ltd is listed on the New Zealand and Australian stock exchanges. It raised NZ$85 million in additional capital for expanding the mine in 2007.[19] As of August 2007, over NZ$100 million had already been invested into developing the mine.[20]

The development was valued at NZ$2.3 billion and was initially held by New Zealand Oil & Gas (29% stake plus options and bonds[21]) as well as the two Indian companies Gujarat NRE Coke Limited (17% share) and Saurashtra Fuels Private Limited (15% share), with the two latter companies intending to buy about half the running production of the mine's coal.[3] After the IPO, the percentages changed to NZ Oil and Gas 31%, Gujarat NRE Coke 10%, Saurashtra Fuels 8.5%, private minority shareholders had 7.9% and the remaining 42.5% was sold to the public


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