Mining sector in shock over seabed mining rejection

Wed, 18 Jun 2014

By Pattrick Smellie June 19 (BusinessDesk) - Mining industry leaders are in shock over the rejection of an application to mine ironsands from the ocean floor off the coast of southern Taranaki, and one is questioning whether the six month fast-track process administered by the Environmental Protection Authority is too swift for complex mining projects, where changes to plans are often a feature of obtaining consent. A decision-making committee (DMC) appointed by the EPA yesterday rejected TransTasman Resources' bid to mine up to 50 millio...

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