20 Nov 2010

Trading in Pike River Coal halted

12:10 pm on 20 November 2010

Share trading in Pike River Coal has been halted Australia following an explosion at the New Zealand mine on Friday.

The shares lost about 14% of their value during trading.

The accident was reported after the New Zealand market closed but shares still lost 4% of their value during the day.

New Zealand Oil and Gas, which is a major shareholder in Pike River Coal, slipped over 3% before trading was halted in Australia for its shares.