CRP chatham rock phosphate limited

Ann: GENERAL: CRP: Chatham Rock Phosphate files M

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    • Release Date: 15/05/14 10:30
    • Summary: GENERAL: CRP: Chatham Rock Phosphate files Marine Consent Application
    • Price Sensitive: No
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    					CRP
    15/05/2014 08:30
    GENERAL
    
    REL: 0830 HRS Chatham Rock Phosphate Limited
    
    GENERAL: CRP: Chatham Rock Phosphate files Marine Consent Application
    
    Media Release
    15 May 2014
    
    CRP files Marine Consent application - starts six month decision process
    Chatham Rock Phosphate today submitted its formal marine consent application
    to the Environmental Protection Authority.  Should it be accepted as
    complete, the six-month formal process is expected to lead to a decision in
    November.
    
    The application, representing four years' work and $25 million in investment,
    is the second seabed mining proposal under the Exclusive Economic Zone and
    Continental Shelf (Environmental Effects) Act 2012, and will be considered
    through a full public process by an expert panel appointed by the
    Environmental Protection Authority (EPA).
    
    The marine consent is the only major licence CRP now needs, having gained a
    mining permit for its phosphate extraction project in December 2013.  CRP
    submitted a draft application to the EPA on 31 March 2014 and since then has
    been working with the EPA to address the EPA's preliminary comments on its
    application.
    
    Managing Director Chris Castle said he was confident the application would
    meet the tough standard demanded by the law.
    
    "Our focus has always been two-fold: base the analysis on science and consult
    with all interested parties to ensure their concerns are addressed through
    the process.  Input from both stakeholders and scientists is critical to make
    sure all the bases are covered.
    
    "The results of this analysis and consultation are that we understand what
    the environmental impacts are likely to be and we can clearly demonstrate how
    we can minimise and mitigate them. We know this project can deliver to its
    shareholders financially, and to other stakeholders in terms of environmental
    requirements."
    
    CRP's phosphate resource, located on the seabed of the Chatham Rise, offers
    fertiliser security for New Zealand's primary industry, has big export and
    import substitution potential, as well as environmental benefits as a direct
    application fertiliser, making it a project of national significance.
    
    The main 400-plus page document comprising the Environmental Impact
    Assessment is supplemented by 35 appendices, mostly scientific reports.  The
    information will be publicly available on the EPA website and via a link on
    www.rockphosphate.co.nz should the EPA accept the application as complete.
    All interested parties will then able to read the information, make
    submissions and attend public hearings during the next six months.
    
    Please note Chris Castle is currently in the UK so for further information
    please contact Linda Sanders, Corporate Affairs Director, [email protected] or
    027 471 5593
    End CA:00250461 For:CRP    Type:GENERAL    Time:2014-05-15 08:30:08
    				
 
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