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

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024