
Today it
 was announced that Pike River Coal does not have the cash to pay 
compensation to the Families of the men who died in the mine they 
operated in a dangerously unsafe manner for years, because company 
bosses have already spent the money on their legal fees, according to 
one of the receivers.
And that's not the only thing they, and the directors of the company who took over the mine, 
Solid Energy, have been spending it on either.  The Families want their men back not just some cheap payoff, what an absolute insult.
The Families and the men in the mine have been brushed aside with 
contempt by the vultures who've been picking over the carcass of Pike 
River Coal.  The role of the Department of Labour has never been 
scrutinised - the Minister resigned her portfolio because of the 
liability of herself and the Department and the Ministry so it seems 
that the Families should instruct the police to lay charges of of 
criminal negligence and instruct a lawyer forthwith to lay civil charges
 against the DoL, NZOG and others.
"Let's let Solid Energy buy the mine, they'll get the men out" said 
certain people - self appointed community advocates, etc, well let's 
look at how that's worked out.  CEO Don Elder, married to "political 
commentator" Therese Arseneau ( - nice work if you can get it - who pays her how much to 
be a "political commentator"?) when you look at what Don Elder's been 
raking in (see links above, para 2).  They've also been 
spending like there's no tomorrow on luxuries and holidays etc.
In April 2013 
Clayton Cosgrove went to the Ombudsmen
 regarding the refusal of Solid Energy to respond to OIA requests - 
because staff responsible for responding to it were on holiday - 
Cosgrove said Solid Energy was making a laughing stock of the Ministry 
and that he was acting as a last resort because requests for information
 were being blocked at every turn.
Solid Energy has debts of four hundred million dollars and is facing 
financial ruin unless it can negotiate a rescue package with Treasury 
and the banks (source at link in paragraph above).  Meanwhile Conman Key has been 
blatantly manipulating the stock market.and helping his mates thieve from Kiwi 'mum and dad investors' by claiming the money was going to go to schools and hospitals, when all the while the plan was to line his pockets and his mates' pockets!
Conman Key has been caught out lying again, after earlier 
denying that plans have already been made
 for the as yet unannounced bail out of Solid Energy and reports are now
 emerging about the outrageous culture of extravagance perpetrated by 
these pigs - feasting at the trough while twenty nine families grieve, 
and their men lay somewhere inside the death trap that murdered them by 
putting money before safe practice, and they are forbidden to even get 
near the mine to pay their respects.  Instead, each Family has a stone, a
 big boulder.  Ironic? - or symbolic of the heart of Conman Key and his 
greedy, deceitful mates?
Money Conman Key promised would go on schools and hospital has been stolen by his thieving white collar mates. 
Greymouth District Court judge Jane Farish ordered PRC to pay $110,000 
in reparation to each of the grieving families and two survivors of the 
West Coast mine explosion - a total of $3.41m.
She also fined the company a total of $760,000 over nine charges.
Receiver John Fisk said it was impossible for PRC to comply with that 
order.  Judge Jane Farrish refused to fall for that nonsense and 
expressed the view of the Court perfectly clearly in that respect.
Only $156,000 - or about $5380 per family - of its $2 million liability 
insurance cover was still available for compensation payments, said 
Fisk.
The other $1.84 million had been used by company staff and directors for their legal fees, Mr Fisk said.
"There's a cold hard sort of commercial and legal reality as to what 
we're dealing with here as receivers and then the tragic situation of 
the death of 29 men in a workplace accident.
That does come into stark contrast in these situations."
Mr Fisk said he did not know what Judge Farish meant when she said there
 was the "means" for reparation payments to be made.  - What arrant 
nonsense!  Of course he does!
"I'm not sure what she means by that because it can't come from the 
company so I'm at a loss to know where she thought that could be paid 
from.
"Unfortunately they won't be able to get anything out of the company."  - No - because 
the pigs and vultures are still feeding!
Pike River Coal was valued at $400 million before the mine explosion on November 19, 2010.
It has about $500,000 in cash and assets remaining, but it is legally 
bound to pay that money to its largest secured creditor New Zealand Oil 
& Gas (NZOG).
Families spokesman Bernie Monk said today it was "morally wrong'' that secured creditors were paid first.
Although the families had received financial support, that help had been divided among 55 different families.
"The impact statements show they (Pike) didn't care two hoots about staff."
Mr Monk said he had written to Pike's former Indian directors, but they had "not had the guts to write back".
He said the directors were not fit to run the company.
"It's laughable to hear NZ Oil and Gas made so many millions last year. It's not the end of it."
Judge Farish indicated NZOG was in a position to pay reparation. She 
also mentioned former directors' private insurance policies.
Last August, NZ Oil and Gas posted a full-year profit of $19.9m.
"Good on the judge," Engineering, Printing and Manufacturing Union 
assistant national secretary Ged O'Connell said immediately after 
sentencing.
"Pike River Coal's directors should not be able to hide behind shabby 
legal structures and carry on as if nothing ever happened. It's time we 
had corporate manslaughter laws and personal liability for directors so 
they can be held accountable for their actions.''
Receivers were appointed in mid-December 2010 - just two weeks after the mine exploded, claiming 29 lives.
Pike River Coal had invested $290m in the mine operation. The Bank of 
New Zealand was a first ranking secured creditor, owed about $23.2m. In 
2011, the receivers said they would give full payouts to the 243 
unsecured creditors owed up to $10,000 each.
Grey District Mayor Tony Kokshoorn said self-regulation of health and 
safety lit the fuse of the disaster, fuelled by the company's "greed and
 complacency".
West Coast-based Green Party MP Kevin Hague said it was "a travesty of 
justice" that the families could end up with as little as $5000 each.
He said Pike River's $2m liability insurance cover was "totally 
inadequate" for a high-risk operation and the families had been left 
with "crumbs" after everyone else had been paid.
The crippled mine was last year sold to Solid Energy for $7.5m.
Mr Fisk said today it received $80m in an insurance claim, which was 
partly used to pay unsecured creditors. The rest was used to repay 
secured debenture holders in order of priority.
There was money in the bank account when the receivers were called in, 
mainly advances from NZOG. Some was used to stabilise the mine, and the 
tunnel reclamation plan.
The $7.5m from Solid Energy was also used to pay secured creditors.
When the board put itself into receivership, it said in a statement: 
"The only prudent action we could take was to approach our major 
creditors and advise them we were unlikely to be able to repay our loans
 at the end of the standstill period that NZOG and BNZ offered us after 
the 19th of November.''
Former Pike River chairman John Dow was not answering the phone at his Nelson home this morning, or his cellphone.  (- 
Source: Hayden Donnell, NZ Herald, Laura Mills, Greymouth Star, 5 July 2013)
It's been revealed that 
Conman Key and his government TOLD Solid Energy to borrow - after 
lying about that too and 
arrogantly denying it - manipulating the stock market - right before the controversial float of Mighty River.
More and more lies are emerging daily, 
indicating the real asset sales agenda and 
There is more on these matters at 
this link and 
this one,
 and this site will certainly be updated with reports on them and 
Transparency NZ will be working hard to (a) recover the bodies of the 
twenty nine men - or at least make an honest attempt to do the decent 
thing - and provide some REAL justice for the Families of these men!; 
(b) hold the proper people accountable instead of the ritual sacrifice 
of a couple of unwitting scapegoats; and (c) ensure this never happens 
again.(and that can't happen until (b) happens anyway).
Meanwhile, all this time, years later, the Families can't even get near 
the mine where their men are, because of this stinking, and corrupt 
cover up.  
Neville Rockhouse is one of the scapegoats.
Conman Key has lied, and lied, 
and lied,
 and what was revealed at the commission of inquiry about the role of 
the Department of Labour - or lack of a role - and what happens when you
 let industry and commercial interests regulate themselves should have 
been a lesson, but recent events prove otherwise.
The Trust set up for the families of the Pike River miners' Families, is at this link.
(Source: Hayden Donnell, NZ Herald, Laura Mills, Greymouth Star, 5 July 2013)
Transparency NZ will continue to protest at parliament and the Court 
until justice is done, and good on Judge Jane Farrish for dishing out a 
bit of justice, and having the integrity to tell the guilty parties that
 she will not tolerate their deception.
The day is soon approaching when we file action in the Courts for some 
REAL justice for the Families of the men in the Pike River mine - and 
all other decent hard working New Zealand taxpayers for that matter - 
it's coming very soon, and it's long overdue - we don't pay taxes to be 
governed like this!