New Zealand: CRP Submits Mining Licence Application

CRP Submits Mining Licence Application

Chatham Rock Phosphate (CRP) today achieved another major milestone on the pathway to developing its subsea resource on the Chatham Rise by filing its mining licence application with New Zealand Petroleum and Minerals.

The application is the culmination of two and a half years work since the company was granted a prospecting licence in February 2010.

“The application is a comprehensive summary of the scientific work we have completed and our plan on how we intend to extract the rock phosphate resource,Chief Executive Chris Castle said today. “It’s a very significant achievement reflecting a huge effort by a very skilled scientific and management team.”

Establishment of a rock phosphate industry in New Zealand territorial waters will have significant economic, environmental and market benefits.

Mr Castle said the mining licence would be assessed by NZPM over the coming months. CRP plans to file its marine consent application, whose centrepiece will be a comprehensive environmental impact assessment report, in the first half of next year.

“We plan to issue the marine consent application as soon as the regulations for the EEZ legislation are complete. The current timing for this is April or May 2013, but if the regulations take longer to finalise, we will consider filing the application under the transitional provisions of the existing Continental Shelf Act.

“We need to keep the project timeline aligned with the major capital investment that will be made to develop the required mining technology.”

The mining licence application includes information on the rationale for the application; technical data on the location, physiography, climate, local resources and infrastructure, geology and understanding of the resource; CRP’s proposed work programme; its approach to environmental planning (full information will be included in the marine consent application); the company’s ability to manage the project and an independent economic assessment.

CRP holds an offshore prospecting permit covering an area of 4726 km2 on the central Chatham Rise. The permit area, in New Zealand territorial waters, is located 450 km east of Christchurch and includes significant shallow seabed deposits of rock phosphate. Establishment of a rock phosphate industry in New Zealand territorial waters has a significant number of economic, environmental and market benefits.

Today’s milestone is the latest in a list of achievements over recent months including:

  • An assessment by the Institute of Economic Research valuing the project’s economic value to New Zealand at $1.3 billion
  • Independent research house Edison Research saying the project is worth $381 million on an un-risked basis
  • Dredging giant Royal Boskalis taking up a 20% shareholding and board seat in a world first for the underwater mining industry
  • American private equity fund Subsea investing in a cornerstone shareholding
  • International phosphate industry identity Najib Moutia joining CRP as Vice President strategy and marketing
  • CRP pegging ground offshore Namibia to develop further rock phosphate deposits
  • A four-leg $7 million summer research cruise programme collecting a wealth of data.

 “We continue to make excellent progress in achieving milestones with our aim of being in production in early 2015. Everyone involved in the project is focused on ensuring our planning is comprehensive and that we stay on track towards that goal.”

Press Release, September 28, 2012;  Image: Chatham

Share this article

Follow Subsea World News

Events>

<< Feb 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 1 2 3 4 5 6

FPSO Europe Congress

 

Pursuing Cost-Optimization & Project Excellence across Europe’s FPSO Value Chain!

Launched to great success in 2015, the FPSO Europe Congress is set to return on 24-25 February 2016 in London for yet another exciting gathering of Europe’s leading oil operators, FPSO contractors, EPCs, shipyards and solution providers to discuss the most topical and critical FPSO developments in the North Sea, Latin America, Brazil and West Africa market.

 

Why Attend the 2nd Annual FPSO Europe Congress?

  • Discover how FPSO leaders are embracing the new realities of a low oil price environment – what are the strategies to adopt in pursuit of viable economical FPSO projects?
  • Brainstorm with industry experts on innovative FPSO engineering, construction and technology breakthroughs leading to significant CAPEX and OPEX savings
  • Review, refine and optimize your existing FPSO operations – how can we enhance oil recovery and extend FPSO asset lifetime?
  • Learn from FPSO experts on the ins-and-outs of delivering successful FSPO projects in North Sea, West Africa, Latin America and Brazil – how can we comply with local content and form effective native partnerships?
  • Engage and form sustainable partnerships with European-based oil companies and FPSO contractors that are leading offshore E&P and FPSO projects in the region

 

2016 FPSO Distinguished Speakers Include:

  • Curtis Lohr, Stones Project Manager, Shell
  • David Hartell, Senior Development Manager, Premier Oil
  • Terry Hughes, Project Director, Tullow Oil
  • Sid Sircar, Facilities Delivery Manager – Catcher Development, Premier Oil
  • Michael Wyllie, Group Technology Director, SBM Offshore
  • Chris Brett, President, Teekay Offshore
  • Puneet Sharma, Vice President, MODEC
  • Eirik Barclay, CEO, Yinson Production

 

The FPSO Europe Congress 2016 is proud to bring you an updated program offering fresh perspectives, creative solutions and critical market intelligence fundamental to FPSO business sustainability as we discuss just HOW and WHAT you can do in pursuit of a viable, efficient and safe FPSO strategy.

For more information please visit the website at http://goo.gl/uvYsrk or email rani.kuppusamy@fpsonetwork.com

 

read more >

Topsides Platforms & Hulls

Topsides, Platforms & Hulls Conference & Exhibition is the offshore industry’s only event dedicated to the topsides, platforms and hulls…

read more >

The 16th North Sea Decommissioning Conference

The 2016-programme has been composed to shed light on the effect of the current low oil-price environment on the decommissioning market…

read more >

Substructures for UK Offshore Wind

Design, construction and installation

Optimising offshore substructures is one of the key challenges for reducing LCOE. Foundation designers have produced a variety of different solutions: monopiles, GBS, jackets, suction buckets and floating foundations. Looking at U.K. projects – different soils, water depths,fabrication timelines and installation challengescreate many questions for the industry to solve. We’re entering uncharted territory; projects arelarger, farther and more complex than ever completed.

Now is the time to have a close look at lessons learnt and define the room for improvement for the U.K. wind industry.

More Info

read more >