PRC pike river coal limited

quarterly report out

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    PRC has just released its Quarterly activities report (Friday 25/07/08). It clearly indicates that it does not expect to strike the coal seam until late August. The delay is because of the previously announced work at the pit bottom.
    "The final 215 metre drive to coal commenced on 10 July 2008 and tunnel is presently at 2107 metres. Due to rescheduling of pit bottom concreting and construction works, the tunnel is now expected to intersect the coal seam on or around the end of August 2008."
 
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Currently unlisted public company.

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