Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Government Puts Coromandel at Risk

For immediate release:

Government Puts Coromandel at Risk

Coromandel residents are outraged after discovering Accident Compensation Corporation (ACC) is an investor in Antipodes Gold, which in partnership with Newmont Waihi Gold, is due to resume exploration drilling in the Parakiwai Valley behind Whangamata.

On ACC’s website it claims its investment policy is based on ethical principles held by the New Zealand public. But spokesperson for Coromandel Watchdog Ruby Powell points out that more than 50,000 people marched up Queen Street in 2010 in opposition to mining in the Coromandel Peninsula.

“Gold mining is a risky investment both for ACC and for us, it is a boom and bust industry that does nothing positive for our national or local economy whilst destroying our environment.”

ACC invested $2 million in Antipodes Gold (previously Glass Earth Gold) in 2010, today those shares are worth merely $50k.

“The Parakiwai Valley, where the mining permit is, boasts beautiful native forest, many favourite summer swimming spots, DOC walks and is the habitat of the rare and endangered Archey’s Frog.”

“Our government - via ACC which is one of it’s largest investment funds - should instead be investing in activities that will support our communities and our economy to grow in sustainable and stable ways. We can’t help but feel betrayed that government is allowing mining activities here, let alone investing in them!” says Ruby Powell.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news