House sale top-ups promised in mine plan
OceanaGold has announced a plan to extend mining in Waihı¯ to beyond 2036.
Project Quattro proposes to enlarge the current Martha Mine open pit; to mine a second smaller pit on the outskirts of town near the company’s process plant; to develop a new tailings storage facility; and to construct a rock stack next to the existing tailings storage areas. OceanaGold Waihı¯ operation general manager Bernie O’Leary said Project Quattro had the potential to produce nearly 750,000 ounces of gold.
The company had identified the potential for a ‘‘minor shortterm impact’’ on the values of some residential properties. To address it, OceanaGold Waihı¯ will implement a payment programme to avoid distortions in the property market due to any perceptions of adverse mining effects and to encourage ongoing private ownership. The ‘‘top up’’ involves paying the purchaser of a property the difference between their offer and the market value of the purchased property to ensure the vendor gets market value from the sale. The company does not believe the proposed operations will cause any property damage; however, it will accept responsibility for any damage to homes or contents proven to have been caused by the mining operations.
‘‘When OceanaGold purchased the Waihı¯ operation in 2015 ... We made a commitment then to extend the life of the mine,’’ O’Leary said.
OceanaGold shared its proposal with Hauraki District Council on Thursday and will also present its plans at the next council meeting on July 29.
Woman’s Day, New Zealand Woman’s Weekly, and The Australian Women’s Weekly NZ, along with Your Home & Garden, current affairs weekly NZ Listener and Air NZ’s awardwinning magazine
The portfolio will also include websites Now to Love, Homes to Love and Beauty Heaven.
which resumed publishing shortly after Covid-19 level 4 restrictions were lifted, will also be part of the new portfolio. Other titles have been sold.
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to Simon Chesterman. Both magazines will resume publication as soon as possible.
The future of the remaining titles – NEXT, Taste, Fashion Quarterly,
HOME and –is being assessed and may include a sale to interested parties.
Bauer announced in March it was exiting the New Zealand market. Brendon Hill, Bauer ANZ chief executive, said: ‘‘I am delighted to see the return of some of New Zealand’s most loved titles and thrilled that this allows us to bring back a talented group of editorial and advertising staff to resume the publishing of these brands.
‘‘The return of our New Zealand operation is a green shoot during a