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TransTasman Resources Applies for Permit to Mine Iron Sands
Jul. 29, 2013 04:48PM PST
Base Metals Investing NZCity reports that privately held TransTasman Resources has applied for a permit to mine ironsands in the Taranaki Bight off New Zealands’s North Island.
NZCity reports that privately held TransTasman Resources has applied for a permit to mine ironsands in the Taranaki Bight off New Zealands’s North Island.
As quoted in the market news:
TTR plans to use unconventional mining techniques, similar to those in development to mine offshore phosphate deposits on the Chatham Rise by New Zealand company Chatham Rock Phosphate.
In both cases, suction systems would remove ironsands and phosphate nodules along with seafloor sediment, extract the valuable elements and return the remainder to the seafloor.
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