Offshore ironsands mining permit sought

Mon, 29 Jul 2013

By Pattrick Smellie July 29 (BusinessDesk) - Offshore mining of ironsands deposited in the southern Taranaki bight has come a step closer with the lodging of a mining permit application by TransTasman Resources, a privately held, Australian-led venture with plans for a multi-billion dollar export industry. TTR's application is for a 65.76 square kilometre area between 22 and 35 kilometres offshore from Patea in an area where it already holds a prospecting licence, outside the territorial waters of the 12 nautical zone and in New Zealand's vas...

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