Chatham iwi may acquire stake in seafloor phosphate project

Wed, 17 Apr 2019

By Gavin Evans April 17 (BusinessDesk) - Chatham Islands iwi groups may invest in a project to mine seafloor phosphates in the region if they can agree on a marine consent application for the project 450 kilometres east of Christchurch. Developer Chatham Rock Phosphate has executed an information sharing and collaboration agreement with the asset holding company of Ngati Mutunga O Wharekauri. The pair have agreed to work together to develop an application that meets the environmental, economic, social and cultural objectives of both parti...

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