Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

OceanaGold secure Negotiated Greenhouse Agreement


OceanaGold secure Negotiated Greenhouse Agreement The government and gold mining company, OceanaGold, have successfully concluded negotiations for a Negotiated Greenhouse Agreement (NGA).

Through NGAs, businesses whose international competitiveness might otherwise be at risk from an emissions charge agree to move to world's best practice in greenhouse gas emissions management in return for relief from the charge. Companies that exceed their targets can earn tradable emissions units.

"NGAs deliver a triple benefit. They help businesses become more competitive, they typically result in reduced energy consumption (and lower bills) and cut emissions. They are an excellent example of how business and government can work constructively together for mutual benefit," said, Convenor of the Ministerial Group on Climate Change, Pete Hodgson. "The prospect of NGA companies earning tradable emissions units is yet another direct business benefit of New Zealand's ratification of the Kyoto Protocol." "We are pleased to have finalised this agreement with the government. The NGA is important for OceanaGold because we are investing heavily in our business and an NGA mitigates some of the risk in that investment." commented the Chairman of OceanaGold, Kerry McDonald.

The Government has also signed an NGA with the New Zealand Refining Company, and is in negotiations with ACI Glass Packaging, Carter Holt Harvey, Fletcher Building Limited, New Zealand Aluminium Smelters Limited, Newmont Waihi, Norske Skog Tasman and Silicon Metal Industries Limited.

Company information: OceanaGold is a major Australasian gold producer. In New Zealand, it operates Macraes Goldfield in East Otago and Reefton Goldfield on the West Coast.

The opencast Macraes Goldfield is New Zealand’s largest gold producer. It has been in operation since 1990 and has produced over 1.7 million ounces (Mozs) of gold to date. Production for the year ending 31 December 2004 was 185,175 ozs.

Reefton Goldfield comprises two developments: an open cut development at the Globe Progress Mine, and an underground re-development at the Blackwater Mine. Both are major historical underground producers.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election