TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
ANZ Bank economists expect OCR to go to 2.5%
Economy

ANZ Bank economists expect OCR to go to 2.5%

ANZ economists now expect the Reserve Bank of New Zealand will have to cut the official cash rate to 2.5% as the economic recovery progresses at a slower-than-expected pace.They had previously forecast that the Reserve Bank of NZ (RBNZ) would pause at 3%. The rate is currently si...

Staff reporters 16 Apr 2025
Mercury Energy downgrades earnings guidance on dry weather
Markets

Mercury Energy downgrades earnings guidance on dry weather

Ebitdaf guidance for the 2025 year is down $60 million.

Staff reporters 16 Apr 2025
Eroad plays down US tariff impacts, eyes possible manufacturing shifts
Markets

Eroad plays down US tariff impacts, eyes possible manufacturing shifts

The telematics company uses contract manufacturers in Southeast Asia.

Staff reporters 15 Apr 2025