NZ Steel puts Taharoa ironsands mining operation on the market

Sun, 21 Feb 2016

By Pattrick Smellie Feb. 22 (BusinessDesk) - New Zealand Steel's Australian owner, Bluescope, is placing its Taharoa ironsands mining operation on the market after declaring a A$47.1 million loss on an underlying earnings before interest and tax basis for the first half of the current financial year in its Kiwi operations, driven by the falling value of steel and iron ore. NZ Steel has mined ironsands on beaches south of the Manukau Harbour since 1972 and in 2008 attempted to sell the operation rights to Hong Kong tycoon Li Ka-shing's Che...

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