PRC meaning in Business ?

Answer: What is Pike River Coal mean?

Pike River Coal Ltd was a mining company listed on the New Zealand and Australian stock exchanges. Its primary operation was the Pike River Mine, the site of a mining disaster with 29 deaths on 19 November 2010.

The company first listed and began trading on the New Zealand Exchange on 20 July 2007. On 22 November 2010, trading in the company's shares and options was suspended from the New Zealand Exchange at the company's request, pending developments from the mining disaster. On 12 December 2010 the company was placed in receivership.

Pike River Mine is a coal mine located 46 km east of Greymouth in the West Coast Region of New Zealand's South Island. The operation was set up to mine the Brunner seam, a bituminous coal deposit with lower ash and varying sulphur content.

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