Chatham Rock’s Underwater Mining Project Rejected

Mineweb reported that the second underwater mining project proposed by Chatham Rock Phosphate Ltd. (NZE:CRP) has been rejected due to the potential environmental impact to the seabed.

According to the article:

The Environmental Protection Agency (EPA) refused Chatham Rock Phosphate’s application to extract phosphorite, a component used in fertilisers, from waters up to 450 metres deep and 450 kms (279 miles) off New Zealand’s South Island.

Chris Castle, managing director at Chatham Rock Phosphate, commented:

To say we are bitterly disappointed is an understatement. We are aghast.

Click here to read the full Mineweb report.