Share
- Release Date: 05/08/13 12:38
- Summary: GENERAL: CRP: Chatham Rock Phosphate to focus on Mining Licence
- Price Sensitive: No
- Download Document 2.24KB
CRP
05/08/2013 10:38
GENERAL
REL: 1038 HRS Chatham Rock Phosphate Limited
GENERAL: CRP: Chatham Rock Phosphate to focus on Mining Licence
Media Release
Chatham Rock Phosphate to focus on Mining Licence
5 August 2013
Chatham Rock Phosphate's board has resolved to focus on the receipt of its
Mining Licence approval before it submits a final Marine Consent application,
Managing Director Chris Castle announced today.
"We believe it is critical we receive the licence before we spend significant
more resources - in both time and money - on the Marine Consent process," he
said.
"Chatham applied for a Mining Licence in September 2012 and was advised in
April the application was being treated as a matter of priority. New Zealand
Petroleum and Minerals said the information we had provided regarding the
mineral resource and its financial and technical capability had not raised
any concerns.
"Following the passing of the Crown Minerals Act NZP&M identified some areas
of work it had not completed, including Iwi consultation. It has also asked
Chatham for some more technical information.
"We are working closely with officials to ensure they receive all of the
information they need to rapidly progress our application."
Mr Castle said the additional time required for the Mining Licence will
enable Chatham to further enhance the Marine Consent application.
"We understand that it is regarded as pretty complete as far as the
Environmental Protection Authority is concerned. But we think it can be
improved further. In particular we have received some new data from a recent
NIWA cruise we have co-funded. We have also had some sections of our
Environmental Impact Assessment peer-reviewed by our overseas experts and
they have suggested some improvements.
"On that basis we are going to push the pause button and wait until we have
received the Mining Licence before we submit our final Marine Consent
application.
"At this stage we have no set time line but we envisage receiving the Mining
Licence in a matter of weeks and will then proceed to submit our new further
improved Marine Consent."
Chris Castle 021 55 81 85 or [email protected]
Please note Chris is currently in Europe, 10 hours behind NZ time
End CA:00239297 For:CRP Type:GENERAL Time:2013-08-05 10:38:41
