New Zealand: EPA Refuses CRP’s Marine Consent Application

The Environmental Protection Authority (EPA) has refused Chatham Rock Phosphate’s (CRP) application for a marine consent to mine phosphorite nodules on the Chatham Rise in New Zealand.

The decision was made by a Decision-making Committee (DMC) appointed by the EPA Board.

According to CRP’s managing director Chris Castle, the decision is a negative signal for New Zealand business.

He said: “It will make it even harder, if not impossible for companies to attract capital for new projects in New Zealand.  As the second application of its kind there have been some improvements in the process and were able to learn a lot  and apply those lessons. If we can’t succeed having invested $33 million over seven years, then obviously the government is not serious about economic development.”

In the decision the DMC expressed it’s concerns about the permanent adverse effects of the project on the environment. The DMC explained that the project was “unlikely to generate more than a modest economic benefit to New Zealand and that the quantum and distribution of that benefit were uncertain. As against this, there would be significant and permanent adverse effects to the benthic environment and other potential environmental adverse effects. The DMC finds the economic benefits of the proposal to New Zealand to be insubstantial relative to potential adverse environmental effects of the proposal.”

Expressing it’s disappointment by the decision Chris Castle said:  “To say we are bitterly disappointed is an understatement. We are aghast. The entire government process, and the EPA in particular, seems afraid to say yes to any project that involves any kind of environmental impact and that is simply not good enough if we are to provide a future for our country’s young people.”

“Obviously we need to take a bit of time to digest what the decision means and what our next steps will be, the options being an appeal, resubmitting, or walking away.”

CRP has a 15-working day period to submit an appeal to the New Zealand High Court. Following the refusal the share price of CRP crashed on the New Zealand stock exchange from 20 c to 3 c.

Subsea World News Staff

Share this article

Follow Subsea World News

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 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 30

OFFSHORE WIND CONNECTIONS 2017

The focus of OWC2017 is on the Yorkshire and the Humber region, which is at the epicentre of the offshore wind industry, and where billions…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >

NSRI: Condition Monitoring and Predictive Maintenance

The event will establish the sensory and electronic hardware requirements to monitor failure modes of subsea architecture for both oil…

read more >

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >