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

 


Trans-Tasman Resources iron sand mining consent refused

Decision released on Trans-Tasman Resources Ltd marine consent application

18 June 2014

The EPA Decision-making Committee has today released its decision on the application by Trans-Tasman Resources Ltd for a marine consent for its iron sand mining project in the South Taranaki Bight. The Decision-making Committee has refused consent.

In its decision the Committee said the major reason was uncertainty around the scope and significance of the potential adverse environmental effects, and those on existing interests (such as the Fishing Interests and Iwi).

It was not satisfied that the life-supporting capacity of the environment would be safeguarded or that the adverse effects of the proposal could be avoided, remedied or mitigated, given the uncertainty and inadequacy of the information presented.

The application for a marine consent was the first to be processed by the EPA under the new Exclusive Economic Zone legislation which took effect in June last year.

The EPA’s Chair Ms Kerry Prendergast thanks the Decision-making Committee for its consideration of the application which involved complex issues and a large volume of information and public submissions.

The committee received 4850 submissions and held hearings in Wellington, Hamilton, Whanganui, Pariroa Marae (Hawera) and New Plymouth during the course of the 25-day hearing.

There is a 15-working day period for the lodgement of any appeals to the High Court which can be made on points of law only.

The Decision-making Committee’s full decision is available on our website: http://www.epa.govt.nz/EEZ/trans_tasman/decision/Pages/default.aspx
[Trans_Tasman_Resources_decision_17June2014.pdf]

ENDS

Background notes

The EPA is responsible for managing the effects of specified restricted activities on the environment in the Exclusive Economic Zone and Continental Shelf under the EEZ Act 2012. The EPA considers applications for marine consents, monitors compliance, carries out enforcement, and promotes public awareness of the requirements of the EEZ Act and associated regulations.

The EPA Board appoints and delegates to decision-making committees the statutory authority to hear, consider and make decisions on marine consent applications.

Trans-Tasman Resources Ltd (TTR) sought a marine consent under the Exclusive Economic Zone and Continental Shelf (Environmental Effects) Act 2012 ( the EEZ Act) to undertake iron ore extraction and processing operations.

The application area was 65.76 square kilometres, located between 22 and 36 kilometres (12 and 19 nautical miles) offshore in the South Taranaki Bight.

The DMC has issued a comprehensive decision setting out its reasons for refusing the consent.

The applicant and most submitters acknowledged that there was uncertainty and that in these circumstance the EEZ Act requires the EPA to favour caution and environmental protection (sections 61(2) of the EEZ Act).

With respect to uncertainty, the DMC considered whether the adaptive management approach proposed by the applicant would enable the application to be undertaken (sections 61(3) of the EEZ Act).

The DMC found that the conditions proposed by the applicant (including the adaptive management approach) were not sufficiently certain or robust for the application to be approved given the uncertainty and inadequacy of the information presented about the potential adverse effects.

The DMC also considered that there was also a lack of clarity about the extent of economic benefit to New Zealand outside of royalties and taxes and the economic value of the adverse effects.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news