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.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Post-Cab Press Conference: Foreign Buyers Register, TPP And Serco

At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco. Key was questioned on whether a stamp tax might be used as a tool to deal with foreign buyers. More>>

ALSO:

Lyndon Hood Satire: Serco To Outsource Prison To Public Sector

In response to high-profile failings, multinational omnicorporation Serco will introduce public management in its prison system. Serco's New Zealand manager, speaking on condition of anonymity, has announced plans for managers from the Department of Corrections to run the Mt Eden Correctional Facility. More>>

National Party Conference: Plans To Nudge Immigrants Towards Regions

The Government will introduce a package of immigration measures aimed at improving the spread of workers, skills and investment across New Zealand, Immigration Minister Michael Woodhouse says. More>>

ALSO:

Corrections: Serco Relieved Of Control At Mt Eden Prison, Retains Contract

Multi-national private prison operator Serco has been forced to hand back control of Auckland's Mt Eden remand prison to the Department of Corrections, which has used a 'step-in' clause in its contract with Serco following a string of increasingly serious allegations about contraband, prisoner injuries and a death. More>>

ALSO:

Other Experiments: Failing Charter School Stays Open 'For Kids'

Education Minister Hekia Parata says she has given Te Pumanawa o te Wairua in Northland a chance to continue operating because of her concerns about finding other educational opportunities for its students. More>>

ALSO:

Prisoner Voting Ban: Court Finds Law Inconsistent With Bill Of Rights

Greens: National needs to immediately bring legislation to the House which lifts the ban on the right of prisoners to vote, said the Green Party. The High Court today ruled that the Electoral (Disqualification of Sentenced Prisoners) Amendment Act 2010, which stops prisoners from voting, is inconsistent with the Bill of Rights Act. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news