OceanaGold seeks mining permit for new Coromandel operation
By Gavin Evans | Fri, 10 May 2019
By Gavin Evans May 10 (BusinessDesk) - OceanaGold has sought a mining permit over its Wharekirauponga discovery in the Coromandel Forest Park. The deposit lies in the northern part of the 3,762...
Seeka cuts earnings forecast on smaller crop
By Gavin Evans | Thu, 09 May 2019
By Gavin Evans May 10 (BusinessDesk) - Kiwifruit grower and marketer Seeka has cut its full-year earnings guidance by $4 million due to reduced harvests in both New Zealand and Australia. Group...
James Cameron sees a ruthless future without democracy or meat
By Pattrick Smellie | Thu, 09 May 2019
By Pattrick Smellie May 9 (BusinessDesk) - Global demand for New Zealand's meat and dairy products is under threat as the world responds to climate change by eating more and more plant-based protei...
Waihi gold mining 'inherently unsustainable' - Sage
By Gavin Evans | Wed, 08 May 2019
By Gavin Evans May 8 (BusinessDesk) - Expansion of gold mining at Waihi is inherently unsustainable, will increase emissions, and will provide only moderate employment benefits relative to winding...
'Toothless' or ' alarming' - reaction to the Zero Carbon Bill
By Pattrick Smellie | Wed, 08 May 2019
By Pattrick Smellie May 8 (BusinessDesk) - Reactions to the net zero carbon emissions legislation released today range from Greenpeace attacking it as "toothless" and "miserly" to Federated Farmers...
Govt unveils long-awaited zero carbon law, takes ‘split gas’ approach on methane
By Pattrick Smellie | Tue, 07 May 2019
By Pattrick Smellie May 8 (BusinessDesk) - After months of cross-parliamentary wrangling, the government this morning unveiled its long-awaited draft legislation that will guide New Zealand to its...
Dairy product prices post 11th straight gain; whole milk powder slips
By Margreet Dietz | Tue, 07 May 2019
By Margreet Dietz May 8 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, rising for the eleventh straight time, even as whole milk powder posted a third consec...
Fonterra still exposed to Beingmate in Bubs supply deal
By Rebecca Howard | Mon, 06 May 2019
By Rebecca Howard May 7 (BusinessDesk) - Fonterra Cooperative Group will still be exposed to its former Chinese partner Beingmate Baby & Child Food Co, albeit one step removed, in a new supply deal...
Govt blocks land sale for Waihi tailings expansion
By Gavin Evans | Fri, 03 May 2019
By Gavin Evans May 3 (BusinessDesk) - Miner OceanaGold has had its bid to buy land for a new tailings dam near its Waihi mine turned down by the government. The ASX-listed firm, New Zealand’s bi...
UPDATE: ANZ warns farmers RBNZ intervention may mean higher borrowing costs
By Jenny Ruth | Fri, 03 May 2019
(Updates with comment from Mark Hiddleston from 12th par) By Jenny Ruth May 3 (BusinessDesk) - ANZ Bank has warned its farming customers they face higher borrowing costs almost immediately due t...
Alliance expects African swine fever to support meat prices
By Rebecca Howard | Thu, 02 May 2019
By Rebecca Howard May 2 (BusinessDesk) - Red meat cooperative Alliance Group said meat prices are strong as the African swine fever outbreak decimates Chinese pork production. Chief executive Da...
Countdown March-qtr sales growth underpinned by produce, perishables
By Paul McBeth | Thu, 02 May 2019
By Paul McBeth May 2 (BusinessDesk) - The Woolworths-owned Countdown supermarket chain lifted sales 3.2 percent in the March quarter, which the retailer put down to growth in fruit, vegetables and...