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

 


Minerals mining permit granted to Trans-Tasman Resources Ltd

Media release

2 May 2014

Minerals mining permit granted to Trans-Tasman Resources Limited

The Ministry of Business, Innovation and Employment has granted a mining permit to Trans-Tasman Resources Ltd (TTR) for the extraction of ironsand from the South Taranaki Bight.

The 20-year permit is the first step in a regulatory process that may allow the company to extract ironsand over a 66 square kilometre area of seabed, in New Zealand’s Exclusive Economic Zone off the coast of Patea.

The mining application was assessed by MBIE’s New Zealand Petroleum and Minerals (NZP&M) branch which assessed TTR’s technical and financial capability, compliance history and undertook a high level assessment of TTR’s capability and systems that are likely to be required to meet applicable health, safety and environmental legislation.

“The granting of this mining permit is just the first stage of the approval process by government regulators. The company will also need to gain a marine consent from the Environmental Protection Authority (EPA) before any mining can begin,” says NZP&M Acting National Manager Minerals Heyward Bates.

The EPA manages the environmental impact of mining activities in the Exclusive Economic Zone and Continental Shelf. It must consider a broad range of factors when making marine consent decisions, including weighing up potential impacts on the environment and existing interests. This process also includes input from the public. If granted, the consent may set out conditions to address the effects of the activity. Compliance with any conditions will be monitored and enforced.

TTR has submitted an application for a marine consent to the EPA and public hearings are currently underway. The EPA is expected to make a decision on the marine consent in June.

“Though it would be several years before mining commenced, if a marine consent is granted, it is clear this project has considerable benefits,” Mr Bates says.

More information and a map of the permit area is available here.

[ends]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news