Mt Davy/Pike River Coal

The Greymouth (includes Mt Davy) and Pike River coal fields contain the finest grades of coal in N.Z., and the only grades entirely suitable for gas making and metallurgical coke. Both fields are being prospected by foreign interests. At Mt Davy, Ataka & Co. Ltd of Japan have discovered 22 million tons of high grade coal. At Pike River the Magellan Petroleum Corporation of America has 70 million tons. Contracts and conditions for exploitation of the coal have not yet been fixed for either field.