Geo40 gets $15 mln PGF funding, eyes listing

Mon, 08 Jul 2019

By Gavin Evans July 8 (BusinessDesk) - Geothermal minerals specialist Geo40 is considering a listing to help fund the next stage of the firm’s growth. The company has operated a demonstration silica extraction facility at the Ohaaki field, in conjunction with Contact Energy and the Ngati Tahu Tribal Lands Trust, for about 15 months. Today it was granted a $15 million loan from the Provincial Growth Fund to help it establish commercial-scale silica production at the field. “This funding is a game-changer,” managing director John Lea...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy