Written By: - Date published: 3:35 pm, February 17th, 2014 - 22 comments
Coal Action Network Aotearoa has this characteristic story of the problems with the cost structure of opportunistic mining in NZ. The current world price of the coal found on the Denniston Plateau has sunk considerably below Bathurst Resources’ stated break-even price and shows no signs of rising. What is the bet that NZ is going to wind up with another unwanted hole in the ground as a shell company gets folded up?
Written By: - Date published: 5:02 pm, November 29th, 2011 - 68 comments
In what must be a record for broken promises, National have on Day 1 of government delivered a letter to Forest and Bird that they will renege on their promise of public consultation before allowing mining on public conservation land. Denniston will be mined, without the public having a say.