ANOTHER INVESTMENT, ANOTHER WRITE - OFF.
Seems to be the story of NZOG?
Hardly surprising when you consider how NZOG managed one of its biggest investments :
http://www.stuff.co.nz/business/indu...escape-in-mine
Excerpt : "Two days before the blast, a mining deputy had complained that the smokelines were in "very poor condition" and needed checking.
"They were either absent, incomplete on the floor or at a height where they were difficult to reach," Birdsall said."
The only escape route available for the miners, up the ventilation shaft, involved an initial 55m vertical climb which most, if not all, would have been incapable of at the best of times.
The only underground fresh air base, 1km away from the furthest workings, relied only on a piece of brattice to protect it from gases.
Some underground machinery that should have been fitted with gas detectors was not, the mine did not have a proper methane drainage method, and recommendations that this be rectified had also been ignored, Ms Birdsall said