Iron sand per­mit

DEMM Engineering & Manufacturing - - NEWS -

The Min­istry of Busi­ness, In­no­va­tion and Em­ploy­ment has granted a min­ing per­mit to Trans-Tas­man Re­sources (TTR) for the ex­trac­tion of iron sand from the South Taranaki Bight.

The 20-year per­mit is the first step in a reg­u­la­tory process that may al­low the com­pany to ex­tract iron sand over a 66sq kilo­me­tre area of seabed off the coast of Patea.

The ap­pli­ca­tion was as­sessed by MBIE’s New Zealand Petroleum and Min­er­als (NZP&M) branch which con­sid­ered TTR’s tech­ni­cal and fi­nan­cial ca­pa­bil­ity, com­pli­ance his­tory, and its ca­pa­bil­ity to meet health, safety and en­vi­ron­men­tal leg­is­la­tion.

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