News | Business
23 May 2017 5:31
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Seabed mining clears conservation hurdle

    Miner Trans-Tasman Resources allays Department of Conservation concerns about its bid to mine sand containing iron off the Taranaki coast.


    The Department of Conservation will not oppose a bid to mine ironsands fromthe seabed off the Taranaki coast.

    It said on Thursday miner Trans-Tasman Resources Ltd had listened to its concerns regarding a revised application to mine sand containing heavy concentrations of iron in a 66sq km area off Patea.

    The miner reapplied in August after its original submission more than two years ago was turned down.

    "DOC and its independent experts reviewed the modified application, provided TTRL with comments and requested amendments to the draft conditions to address potential adverse effects on the marine environment," the department said in a statement.

    "TTRL accepted all the revised conditions and amendments."

    A decision making committee appointed by the Environmental Protection Authority will now consider the application.

    DOC's decision no to lodge a submission clears a significant hurdle for the bid, which still faces some community opposition.

    This includes an iwi-organised petition signed by more than 6000 people, which was presented in parliament in September and called for a moratorium in seabed mining.

    Green Party MP Gareth Hughes accepted the petition from Ngati Ruanui representatives and said seabed mining was too risky because it "involves sucking up tonnes of seabed, extracting the iron ore, and then dumping it back".

    TTR says the dredging area for its project, between 22-36km offshire, is within a vast expanse of sand exposed to significant wave and tidal action and with no significant marine features.

    It wants to extract up to 50 million tonnes of ironsands each year.

    It says the project will create 1650 jobs and add $350 million to the national economy.


    NZN




    © 2017 NZN, NZCity


     Other Business News
     22 May: NZ shares rise as blue-chips follow Asia
     22 May: English optimistic 'TPP 11' will go ahead
     22 May: Fintech start-ups coy in asking for money
     22 May: Kiwi Property profit falls 43 per cent
     22 May: Expanding Evolve Education profit up
     22 May: F&P Healthcare profit up 18 per cent
     21 May: Health system needs $1.1b boost: unions
     Top Stories

    RUGBY RUGBY
    Don't follow me overseas: Force's Morahan More...


    BUSINESS BUSINESS
    NZ shares rise as blue-chips follow Asia More...



     Today's News

    Law and Order:
    Drowned man assaulted woman: witness 21:57

    Netball:
    Northern Stars upset Magic 21:57

    Entertainment:
    Johnny Depp has hooked up in an "enclosed" car trunk 21:37

    Rugby:
    Don't follow me overseas: Force's Morahan 21:17

    Entertainment:
    Miley Cyrus doesn't want to "make the same mistake" and let Liam Hemsworth go again 21:07

    Entertainment:
    Amber Tamblyn drank Blake Lively's breast milk 20:37

    Entertainment:
    Amy Schumer credits her parents for helping her stay confident 20:07

    Entertainment:
    Amy Schumer is looking for "a nice guy" 19:37

    Entertainment:
    Nile Rodgers was working on music with Chris Cornell before he passed away 19:07

    Law and Order:
    Jakarata gay club raid leads to more than 100 men arrested 19:07


     News Search






    Power Search


    © 2017 New Zealand City Ltd