West Coast sand bound for Asia

The Cape Foulwind mine site is run by Westland Mineral Sands. (Image: WMS)

Mon, 23 Jan 2023

A mining company driving the mineral sands industry on the West Coast has started mining and is already exporting product. Westland Mineral Sands (WMS), a group of companies, was granted resource consent to mine a roughly 22-hectare site on private farmland near Cape Foulwind last May. The group has leased space at Greymouth and Westport ports through its logistics arm, West Coast Bulk Logistics. It plans to spend millions of dollars improving the ageing facilities in order to export the heavy mineral concentrate (HMC) it extracts fro...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Despite interest rate cuts, NZ sharemarket falls again

The NZX50 closed at 11,806.55, down 84.89 points or 0.71%.

Graham Skellern 6:10pm

Economy

Economists react to 'dovish' RBNZ cuts

RBNZ says recent global policy developments have shifted the balance of risk.

Rebecca Howard 3:00pm

Environment

Phase out forestry credits for fossil fuel emissions: Simon Upton

Greg Hurrell 2:00pm

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

More Primary Sector

Primary Sector

Government weaves wool into agencies building plans

The announcement had been a longtime coming.

Riley Kennedy 12:09pm

Primary Sector

Leon Clement to chair Nui Markets

Former Synlait Milk chief executive Leon Clement has taken over as chair of Nui Markets.He has been on the board of the agricultural products digital trading business since 2023 and takes over the chair from Mike Petersen.Clement was Synlait’s CEO from between 2018 to 2021. Since...

Riley Kennedy 9:41am