OGC 0.00% $2.20 oceanagold corporation

Until a permit is approved or rejected there is no news to...

  1. 3,717 Posts.
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    Until a permit is approved or rejected there is no news to announce.
    The Green Coalition Government is opposed to mining on principle and the Coalition has a moratorium on any new mining in conservation areas. NTL has recently had a permit application rejected for its Rahu prospect on those grounds.
    I have not established if OGC wants to move mining into any conservation area but their exploration map covers a lot of areas around Waihi and further north on the Coromandel peninsula where there is a lot of conservation land.
    I surmise that the 18 months you refer to relates to the timing of the next general election when there is a chance of getting rid of the Coalition Government.

 
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