Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Chatham submits NZ’s first Marine Consent

Chatham submits NZ’s first Marine Consent
– culminating 3 years work, $20 million investment

Chatham Rock Phosphate today submitted New Zealand’s first Marine Consent application under the new EEZ regime to the Environmental Protection Authority. It is the culmination of three years work and more than $20 million in investment.

Submitting the application comes in the final week of Chatham’s current capital raising for $4-10 million in its first public investment offering in New Zealand. Chatham has raised $21.5 million for the project over the past two years from its existing shareholders and through private placements to qualified investors.

The EPA, New Zealand’s environmental regulator, is expected to decide on CRP’s application after a full public process, in January 2014.

“This application is for a project of national significance offering fertiliser security for New Zealand’s primary industry, significant export potential and import substitution, as well as environmental benefits,’ Chief Executive Chris Castle said.

“We have done our homework and know this project stacks up technically, environmentally and financially,” Mr Castle said.

“The application has been developed by a team of experts who have delivered scientific rigour. It has also incorporated input from a wide range of stakeholders who have challenged our thinking and made valuable contributions to the completed document.”

The Environmental Impact Assessment forming the centrepiece of Chatham’s Marine Consent application will be considered under the new Exclusive Economic Zone environmental consenting regime, which came into force on 28 June as part of the EEZ and Continental Shelf (Environmental Effects) legislation.

“We believe we have prepared all of the information the EPA needs, under the terms of the EEZ Act.

“We also feel confident any stakeholders who may have concerns will see the EIA comprehensively addresses all environmental issues.”

The main document runs to more than 330 pages and there are about 30 appendices including a large number of scientific reports and models. The team has summarised the key findings to assist potential submitters work through the documentation.

The information in the EIA will be publicly available on the EPA website, and via a link on rockphosphate.co.nz, once the EPA has accepted the application as complete. People are then able to consider the documentation and make submissions and attend public hearings during the next six months.

Chatham expects the first of its required consents – approval of a Mining Licence under the Crown Minerals Act – within the next several weeks.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Court Ruling: Kiwifruit NZ Ordered To Consider Collaborative Marketing Proposals

The High Court has told kiwifruit marketer Zespri to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit to sell fruit offshore that its board had previously rejected. More>>

ALSO:

Electric Vehicles: No Road User Charges Feature In Govt Package

Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More>>

ALSO:

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news