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


Trans-Tasman Resources to appeal EPA’s decision

Trans-Tasman Resources to appeal EPA’s decision

The Trans-Tasman Resources (TTR) Board will appeal the Environmental Protection Authority (EPA) Decision-making Committee’s decision to decline its marine consents for mining iron sands in the South Taranaki Bight.

“We have now studied the decision in detail with the assistance of our advisors and experts, and are confident that there are strong grounds for a successful appeal,” said TTR’s Chief Executive, Tim Crossley. “Because this will now be dealt with through a court process, TTR will not be commenting further and we are not yet in a position to disclose the basis of our appeal as these will be sent to the EPA and submitters in the first instance before being released by the EPA.”

An appeal is required to be submitted within 15 working days from the EPA’s decision date, this means the last day an appeal can be accepted is 9 July.

Although once TTR has lodged its appeal it is not in control of the timing of when the appeal would be heard by the courts, it is reasonable to expect that a court would deal with the matter within six months.

TTR’s objective is to develop an iron sands extraction project which achieves substantial economic development while protecting the environment.

The project has significant economic benefits creating 250 direct jobs, 170 indirect and will grow the GDP in the Taranaki regional economy by 3% or $240 million year and will grow New Zealand GDP by $302 million per year. The project will earn New Zealand $50 million per year in tax and royalties.

The company successfully applied for a mining consent earlier this year.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news