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.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news