Trans-Tasman Resources considers options after consent quashed

Wed, 29 Aug 2018

By Rebecca Howard Aug. 29 (BusinessDesk) - Trans-Tasman Resources is disappointed the High Court quashed its marine consent for an offshore iron sands project and is considering its options. The appeals were lodged by seven conservation, fishing and iwi groups after the company was given permission to extract 50 million tonnes of seabed material a year. It would export up to 5 million tonnes of iron sand per year from the ocean floor in the South Taranaki Bight, generating $400 million of export revenue annually. The 35-year consent w...

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