Offshore iron ore mining worth $150M a year to NZ industry, miner claims

Sun, 09 Mar 2014

By Pattrick Smellie March 10 (BusinessDesk) – The biggest single impact from proposals to mine ironsands offshore from the southern Taranaki coast will be some $150 million a year spent on jobs and maintenance, both onshore and offshore, to service the operation, the first day of hearings on the application heard. Wellington-based TransTasman Resources is seeking permission to mine an area of approximately 66 square kilometres of seabed in relatively shallow water in New Zealand’s Exclusive Economic Zone, between 22 and 36 kilometres offshor...

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