News | Business
22 Oct 2017 8:11
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Ski Report
  • 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
     20 Oct: Shares rise as weak dollar helps companies
     20 Oct: Right to reject media merger, court hears
     20 Oct: Auckland Airport spend under microscope
     20 Oct: SkyCity runs ruler over troubled Darwin
     20 Oct: Buying a Queenstown house is 'impossible'
     20 Oct: Metlifecare's $240m Hobsonville plan
     19 Oct: Dollar falls as NZ First backs Labour
     Top Stories

    RUGBY RUGBY
    Canterbury and Tasman to lock horns again More...


    BUSINESS BUSINESS
    Shares rise as weak dollar helps companies More...



     Today's News

    Education:
    Investigation over fire at Linwood School 7:47

    Soccer:
    McCormack keeps City on top of A-League 7:37

    Rugby:
    Canterbury and Tasman to lock horns again 7:17

    Rugby:
    Hansen looks on bright side of Bledisloe 7:07

    Rugby:
    Wallabies snap Bledisloe losing streak 6:27

    Rugby:
    Tasman set up NPC final with Canterbury 21:57

    International:
    ASX rebound: What is behind it and can it last? 21:37

    International:
    'It's about bloody time': Period 'blood' shown in advertisement in effort to confront taboos 21:17

    Rugby:
    Canterbury too good for Harbour in semi 21:17

    Auckland:
    Person critical after New Lynn crash 18:57


     News Search






    Power Search


    © 2017 New Zealand City Ltd