Govt blocks land sale for Waihi tailings expansion

By Gavin Evans | Fri, 03 May 2019


By Gavin Evans May 3 (BusinessDesk) - Miner OceanaGold has had its bid to buy land for a new tailings dam near its Waihi mine turned down by the government. The ASX-listed firm, New Zealand’s biggest gold miner, is mostly owned by US and UK investors and needed Overseas Investment Office approval to buy about 178 hectares of farmland on Trig Road south-east of the town. Its provisional recommendation, provided in November, was that the purchase be approved. But while Associate Finance Minister David Clark believed the purchase was l...