April 17, 2019
Ngāti Mutunga o Wharekauri lines up for Chathams phosphate bonanza
Chatham Rock Phosphate Limited has signed an information sharing and collaboration agreement with Ngāti Mutunga O Wharekauri as it seeks the consents it needs to mine for rock phosphate from the Chatham Rise.
The company has a mining licence but needs a marine consent under the Exclusive Economic Zone and Continental Shelf (Environmental Effects) Act.
Ngāti Mutunga asset holding company director Tom McClurg says the iwi want to protect the Chatham Islands marine environment and secure the economic, social and cultural well-being of the Chathams community.
It will work with the company on the marine consent application, and if it meets its environmental, economic, social and cultural objectives, will formally support its lodging.
Chatham Rock chief executive Chris Castle says if the consent is granted, Ngāti Mutunga, Moriori, and the Chatham Islands Enterprise Trust will each have the opportunity to buy up to 5 percent of the company.
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