Seabed Mining Approved for South Taranaki

10th August 2017
New Zealand’s Environmental Protection Authority has approved Trans-Tasman Resources’ application to mine iron sands from the seabed of South Taranaki Bight. The South Taranaki Bight Project has reported JORC iron sand mineral resources of 1,698Mt @ 11.16% Fe2O3 for the Mine Area and adjacent Kupe Blocks at a 3.5% Davis Tube Recovery (DTR) cutoff and a further 2,137Mt @ 9.66% Fe2O3 for Stage 2 Block mine areas. These resources, in 25 to 60 metres of water, are located within New Zealand’s territorial 12 nautical mile limit (RMA) and the Exclusive Economic Zone (EEZ) More details are available from https://www.ttrl.co.nz

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