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Raglan iwi and residents have voted unanimously to oppose a bid to mine iron sand off the west coast of the central North Island. New Zealand ... iron sand mining.
The company intended to dig up to 50 million tonnes of iron sand each year, extracting the iron ore and dumping the residue on the sea floor. It said the scheme would create 300 jobs and add 160 million to New Zealand''s GDP. The authority granted the application in a public announcement in Wellington this morning.
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Crossley said that the iron sands project was projected to generate 240 million dollars increase in New Zealand''s GDP, annually. "Since inception TTR has spent more than 60 million, most of this in New Zealand, to deliver a sustainable mining operation with significant economic benefits for New Zealand," Crossley said.
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