Takeover of would-be seabed miner almost complete

Takeover of would-be seabed miner almost complete
TTR hopes to mine iron and other minerals off the Taranaki Coast. (Image: TTR)
Ian Llewellyn
Australian company Manuka Resources says it will complete its takeover of New Zealand’s would-be seabed miner Trans-Tasman Resources over the next seven days, following regulatory approval.Manuka told the Australian stock exchange (ASX) today that NZ Petroleum and Minerals – the country’s mining regulator – had given it approval to transfer Trans-Tasman Resources' (TTR) permit to mine in the South Taranaki Bight.Under NZ law, a change in control of mining permits must be approved by the government to test whether the...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024