NZ Oil & Gas places Pike River Coal in receivership

WELLINGTON Sun Dec 12, 2010 6:24pm EST

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WELLINGTON Dec 13 (Reuters) - New Zealand Oil & Gas said on MOnday it had agreed to a request from its associate Pike River Coal Ltd to be put into receivership.

NZ Oiland Gas is a 29 percent shareholder in the coal miner, which suffered explosions and fire at its West Coast mine last month killing 29 miners.

Pike River has been on trading halt since the explosion. (Reporting by Gyles Beckford)