Apparently there is a book coming out about Pike shortly.
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Apparently there is a book coming out about Pike shortly.
For petes sake! Are you really suggesting you want government departments poking around in NZ industry and giving the OK for everything we do.
The Prime cause is PRC f%#cked up. Nothing more nothing less. You can't blame the Greens you cant blame the government. You can only blame the company for making bad decisions.
At best you can point the bone at those who were encouraging those decisions. The Greens and Government didn't force NZOG to invest in PRC to dig a great big hole in a dodgy area. The Greens and Govt didn't force them to build one huge vertical "escape" shaft and all the rest of the things that went wrong. They weren't forced to keep throwing good money after bad.
You need to ask who was paying the piper. Once you have answered that you will know who was calling the tune.
There will be no change to the concept of limited liability - and that is the right thing. The reparations debt lies firmly on PRC's shoulders.
What is moot is how PRC funds, particularly insurance payments, were distributed. It is NZOG that took those funds for its own benefit. It wasn't NZOG cash that paid the unsecured creditors - it was PRC cash. So in one sense there is an argument that they should / could repatriate that cash back to PRC to enable PRC to meet its new debt obligations.
If we could rewind the clock the unsecured creditors would be down the list of who gets paid what in a liquidation. I don't know the law on employee (or estate) rights to damages / reparations. But the law is clear that employee entitlements are well above those of unsecured creditors.
NZOG has taken away the ability to have that discussion.
Yep, have to agree minimoke. I understand what you are saying digger, and I really don't think NZO are to blame.
Regardless of whether NZ's mining inspectorate is adequate, the PRC management team were responsible for operating the mine and failed. From time to time I deal with companies in the offshore oil and gas game. Everyone I've dealt with has been professional and extremely worried about getting things right in terms of averting disaster. There's never any question of not delaying operations if there is a safety or environmental issue.