Sharechat Logo

Mining giant starts airborne survey

By NZPA

Thursday 14th June 2007

Text too small?
International mining giant Rio Tinto has started an airborne survey of 1200sq km of mineral-rich ironsand deposits along the west coast of the North Island.

The search area is split into two sites -- on the west coast of south Auckland and at Mokau, north Taranaki.

Rio Tinto is managing the hunt for iron and other metals in a joint venture with Iron Ore New Zealand, which has a prospecting permit.

Meanwhile, iwi and environmental groups and the Auckland Regional Council were seeking more information about the venture, The New Zealand Herald reported today.

Auckland Regional Council coastal project leader Andrew Benson said the Auckland Regional Coastal Plan allowed prospecting in which a small quantity of material could be taken.

Coastal permits, which were a resource consent allowing prospecting activity, had not been sought.

The company had advised it might take physical samples early next year and would then assess their need for coastal permits to provide for prospecting.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

GEN - General Capital gives Notice of Annual Meeting 2026
AFT Chair David Flacks to retire before the next ASM
PCT - Precinct NZ $65 million Wholesale Bond Issue
FRW - Chair Announces Appointment of Successor
PCT - Future Director Appointment
FRW - Chair Announces Appointment of Successor
Me Today Market Update
IKE 1Q FY27 Performance Update
BPG - Q1 FY27 Trading Update
AFT R&D Portfolio Offers Multi-$bn Market Potential