New Zealand Auctioning Platinum Mining Sites for First Time

- September 20th, 2013

The Wall Street Journal reported that the government of New Zealand is holding its inaugural auction of platinum mining sites in a bid to reduce the country’s dependence on the agricultural and dairy industries.

The Wall Street Journal reported that the government of New Zealand is holding its inaugural auction of platinum mining sites in a bid to reduce the country’s dependence on the agricultural and dairy industries.

As quoted in the market news:

Companies have until April 2014 to submit bids for areas on the South Island, the ministry of business and innovation said in a statement Friday. Some five areas covering around 3,814 square kilometers will be opened up for exploration over an anticipated initial five-year period, starting from December 2014.

Click here to read the full report from The Wall Street Journal.

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