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

 


Ironsands mining plan smells of a rort

Ironsands mining plan smells of a rort

Independent MP Brendan Horan welcomes the start of hearings where thousands of ordinary Kiwis get to voice their opposition to strip-mining the seabed for ironsand.

“Trans Tasman Resources is 98% foreign-owned and is seeking to mine iron sands from the ocean off Taranaki. At the Environmental Protection Agency hearing opening this morning, just 11 submitters are in favour out of 4,708 submissions in total

“Last week I asked Steven Joyce in Parliament how he could justify allowing a 98% foreign owned company to plunder minerals for a paltry $5 million a year in net royalties. In reality he had, he has, no justification at all

“The project does not make environmental or economic sense. The Government says there may be jobs but Labour Minister Simon Bridges refuses to have any requirement for local labour content, so any job from the project, if it is approved, could go to overseas workers..

“Trans Tasman Resources are going to be taking minerals straight from the seabed. These have accumulated over millions of years. The minerals will be shipped direct to foreign countries without touching New Zealand soil. This will provide little if any benefit for our country. The idea is abhorrent to most New Zealanders.

“Trans Tasman’s business case is great for them, and a disaster for New Zealand. Their own studies show that based on a small 2% royalty rate they estimate paying the Government around $10 million per year (US$8 million.) Yet Steven Joyce in January gave the company a solid gold handout, a ‘research and development’ grant of up to $5 million per year. That is going to cut in half the effective royalties payable.

“And the impact on the environment on the ocean, on the seabed, and on the fisheries will be significant. It is not theoretical, and is demonstrated by the documents on the EPA’s website.

“This proposal has so little benefit for New Zealand that it smells of an old-fashioned rort. I look forward to what is uncovered in the hearings process,” said Brendan Horan.
Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news