On 13 December 2010, Pike River Coal Ltd was put into receivership, with three partners in PricewaterhouseCoopers appointed as receivers. On 15 December 2010, it was announced that about 114 of 157 staff in the company would be made redundant immediately, with some severance benefits paid out of the remaining company funds. It was also announced that it would be unlikely that the further numbers of contracting staff also unemployed or unpaid due to the mine accident would receive any money, as they legally ranked low in the order of creditors. Pike River Coal originally stated that they hoped to be able to reopen the mine, hopefully before the completion of the inquiry. There is also some concern about the direct economic consequences of the current
mine closure, as contracts for work related to the mine have been cancelled or are stalled. On 9 March 2011, the receivers took over full control of the mine from the NZ Police. In March 2011,
Solid Energy was looking at purchasing the coal rights and access arrangements. The company said that any proposal to buy and reactivate the mine would include recovery of the dead miner's bodies, if feasible. They also noted that they saw the potential need to combine underground with
opencast mining at the site. With the site sitting on conservation land, this is likely to be controversial. Open-cast mining in a national Park is banned by the Crown Minerals Act. The Pike River mine reaches the Brunner coal seam at depths of 150 to 200 metres below ground level. This is deeper than other NZ open-cast coal mines and likely to be uneconomic. Following the liquidation of
Pike River Coal,
Solid Energy purchased the assets of the company. However, in 2014
Solid Energy decided that it was too risky to re-enter the mine to recover any remains from the mine. In August 2011,
KiwiRail blamed the Canterbury Earthquakes and "loss of Pike River Mine volumes" for its poor end-of-year result in 20102011. Following the liquidation of
Pike River Coal, the government purchased 3580 ha of land around the Pike River Mine. Environment minister
Nick Smith announced on 15 November 2015 that the land is to be added to the
Paparoa National Park, and a new track is to be constructed through the park as a memorial to the 29 miners lost in the 2010
Pike River Mine disaster. The
Paparoa Track is a 55km walking and mountain biking track that runs from Blackball to the east of the Paparoa Range north and west to
Punakaiki on the West Coast. The track is New Zealand's latest "Great Walk". At about the mid-way point on the track, a branch known as the
Pike29 Memorial Track descends to the site of the Pike River mine. ==Mine re-entry==