CRP 0.00% 10.3¢ chatham rock phosphate limited ordinary shares

Ann: GENERAL: CRP: CRP Marine Consent decision due by 30 January

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    • Release Date: 12/12/14 15:23
    • Summary: GENERAL: CRP: CRP Marine Consent decision due by 30 January
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    					CRP
    12/12/2014 15:23
    GENERAL
    PRICE SENSITIVE
    REL: 1523 HRS Chatham Rock Phosphate Limited
    
    GENERAL: CRP: CRP Marine Consent decision due by 30 January
    
    Media Release
    12 December 2014
    
    Chatham Rock Phosphate marine consent decision due by 30 January
    
    A decision on Chatham Rock Phosphate's marine consent application is expected
    to be announced on or before 30 January 2015.
    The Decision-making Committee hearing CRP's application today officially
    closed the hearing.
    Once closed the DMC has 20 working days to consider its decision which would
    mean the decision would be given on or before 30 January. When adjourned the
    DMC said a decision would be released as soon as practicable after it has
    been made.
    The DMC adjourned the hearing on the application by CRP for a marine consent
    on 19 November to consider whether it had sufficient information to formally
    close the hearing.  In the intervening time it has concluded that it does not
    need any further input from the parties hence the decision to close the
    hearing today.
     "We are delighted we have some certainty regarding the time frames,"
    managing director Chris Castle said.  "This has been a long, complex and
    costly process.  We feel confident we have presented a compelling case for
    consent. We have done the science and engineering work to show we can
    carefully manage the environmental impacts.
    
    "I know the industry, both here and internationally, and representatives of
    the wider economy are watching this application with interest as it is the
    first of its kind in the world."
    
    The 26 days of hearings were held in Wellington, Hamilton and Chatham over a
    seven week period from September to November.  CRP submitted its application
    in May following four years of research and preparation.
    
    CRP received its mining permit from New Zealand Petroleum and Minerals in
    December last year.  The permit grant is conditional on a marine consent
    under the Exclusive Economic Zone  and Continental Shelf legislation.
    
    Contact Chris Castle on +64 21 55 81 85 or [email protected]
    End CA:00258861 For:CRP    Type:GENERAL    Time:2014-12-12 15:23:48
    				
 
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