Company denies seabed mining would wreck environment

Four months of hearings into a seabed mining application off the South Taranaki coast have finally come to an end. It follows an application by Trans Tasman Resources (TTR) to dig up to 50 million tonnes of ironsand from the ocean floor each year. It would then extract 5 million tonnes of iron ore, and dump the residue on the bottom of the sea. Trans Tasman Resources said the scheme would produce 300 jobs and add $160 million to New Zealand’s GDP. It has already been turned down by the Environmental Protection Authority once, and has come back for a second attempt. Lawyer Robert Makgill represented the fishing industry and said the law clearly required the scheme to be turned down. Click here to read the story 13:31