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News / OCEANAGOLD WELCOMES JUDICIAL REVIEW DECISION

OCEANAGOLD WELCOMES JUDICIAL REVIEW DECISION

OCEANAGOLD WELCOMES JUDICIAL REVIEW DECISION

Posted September 11, 2020
Business

OceanaGold Waihi Operation Acting General Manager Dan Calderwood has welcomed the decision announced yesterday that the Company is free to continue with its plans for farmland east of Waihi.

“OceanaGold has a proud 30-year history of operating to the highest environmental and social standards, and we have consistently demonstrated our ability to operate in close collaboration with our host communities and stakeholders.”

“This decision allows us to advance planning for additional tailings storage, but any construction will require resource consents under New Zealand’s stringent Resource Management Act before it can proceed.”

Calderwood says that this process includes extensive technical, environmental and cultural studies beyond the initial geotechnical work that has already established this site as being suitable for the construction of a tailings storage facility.

“We will also undertake a thorough consultation and engagement process with the local community and other stakeholders. Any future application for resource consents will happen in close consultation and collaboration with the local community.”

A third tailings impoundment will contribute to the Company’s ability to sustain an industry that is an important long-term contributor to the region, and the broader economy, says Calderwood.

“When the Company purchased the Waihi Operation in 2015, the mine had a life of less than three years remaining,”

Mr Calderwood said. “We made a commitment then to extend the life of the mine and support the economic benefits it brings to the region.”

Since 2015 the Company has invested NZ$108.1 million in exploration in the region and will invest around $50 million over the coming years.

“The decision made this week allows us to extend that commitment by targeting decades of additional, responsible mining.”

Background:
• On 3 May 2019 OceanaGold’s application to purchase farmland to the east of Waihi on which to construct a third tailings storage facility was declined.

• On 8 October 2019 it was announced that the Company’s re-application for permission to purchase the land had been successful.

• A Judicial Review of this decision made by the Government was subsequently sought by a local group.

• The decision handed down on 9 September 2020 upholding the October 2019 decision allows the company to advance planning for additional tailings storage.