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As the development of the world’s first sophisticated seafloor massive sulphides project the requirement for funds has seen a new loan provided.
Chatham Rock Phosphate has established a subsidiary to focus on the potential to also recover rare earths from the Chatham Rise seabed.
Its been a year for anti-development success in New Zealand started by a ban on new offshore oil exploration permits, the blocking of land access for a West Coast coal project and now a High Court ruling to overrule an EPA decision for seabed ironsands mining.
Chatham Rock Phosphate is not deterred by the High Court ruling against another seabed mining applicant this week and will persist with its re-application to mine Chatham Rise for seafloor phosphate nodules.
Melbourne-based E2 Metals joined the rush into battery metals but recently changed its mine. Perhaps it may put a new focus on its Neavesville gold prospect in the Hauraki Goldfield.
Environment Minister David Parker said after a High Court ruling against Trans-Tasman Resources that there would be no ban was planned for seabed mineral exploration.
The Western Australian budding iron ore producer Flinders Mines controlled by New Zealand’s richest family has extended the terms for its executive director.
The latest share purchase plan for Chatham Rock Phosphate will allow the company to advance its new application for a marine consent for Chatham Rise.
BlueScope Steel has made a complete rebound from the disastrous financial and productivity performance of three financial years ago and also has its New Zealand Steel operation on an even keel.
Another loan has been provided by a finance subsidiary of one of Nautilus Minerals’ major shareholders as testing of seabed mining equipment and preparing for a special ship advances.