No Abandoning of Chatham Rise Phosphate Project
- Business & Finance
Chatham Rock Phosphate (CRP) has continued to develop future plans following the refusal of its Marine Consent application.
As previously announced, CRP has no intention of abandoning its Chatham Rise phosphate project and is continuing to develop strategies for progressing the project. Of critical importance to this is preserving its experienced and highly specialized executive team and maintaining the support of its key partners.
It is increasingly likely that CRP will pursue a re-submission of its Marine Consent application. However before it makes a final decision to do so CRP will continue to work with the Environmental Protection Authority to seek clarity on the interpretation of the EEZ legislation and the EPA’s policies and procedures for managing the consent process.
CRP is also contributing where possible to the discussions about changes to the EEZ legislation and will incorporate any changes in the plans.