Mine's financial outlook grim

Pike River Coal, the operator of the underground mine where 29 miners have perished, remains reliant on a major shareholder for money and has no funding beyond December.
The shares of New Zealand Oil & Gas (NZOG), the creator of Pike River Coal and its 29.4 per cent shareholder, were back in trading halt last night pending an announcement.
NZOG said on Tuesday that arrangements were being made for Pike River Coal to draw down the $12 million balance of a $25 million facility on the understanding that all secured creditors approve a standstill period of 90 days.
The facility provided by NZOG only runs until December.