Seabed miner offers hopes of NZ rare metal industry

Seabed miner offers hopes of NZ rare metal industry
Seabed miner says NZ could play new role in rare metals sector. (Image: Getty)
Ian Llewellyn
A would-be seabed miner has dangled the prospect of New Zealand filling a rare minerals void as the long-running legal battle over its project draws near to its next stage.Trans-Tasman Resources (TTR) has been seeking to mine ironsands off the Taranaki coast since 2013. One consent was rejected by the regulator, a second attempt was given the go-ahead. However, after long legal battles, the consent was sent back to the regulator by the courts for the permit to be reconsidered.TTR chair Alan Eggers is now highlighting that, in addition to i...

More Economy

RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025