Bluescope sweetensTaharoa ironsands mine sale with $51M cash payment

Tue, 04 Apr 2017

By Pattrick Smellie April 4 (BusinessDesk) - Former timber industry lobbyist-turned-tourism entrepreneur Wayne Coffey will take management control of the Taharoa ironsands mining lease on Maori land near the Glenbrook steel mill following completion of a deal with New Zealand Steel's ASX-listed owner Bluescope Steel, scheduled for April 30. Taharoa Mining Investments Ltd, currently listed on the Companies Office as 100 percent-owned by the Taharoa C Block Incorporation, will take over the leases, which involve supplying substantial tonnag...

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