A dose of realism urgently needed on platinum tender

STRATERRA MEDIA RELEASE

30 September 2013 for immediate use

A dose of realism urgently needed on platinum tender

The scaremongering around the Government’s South Island platinum prospecting and exploration tender is irresponsible and unhelpful, Straterra says.

“From media coverage over the last few days, you would think vast areas of conservation land are going to be instantly dug up, and streams poisoned, with all of the profits heading offshore,” Straterra CEO Chris Baker said today. “Obviously, such portrayals are a fanciful invention.”

“There is a reality here that the news items, fuelled by the ‘we can’t mine in our back yard’ brigade, completely bypass.”

“This tender covers five areas ranging from 333km2 to 1700km2. This is normal for prospecting. Exploration companies prospect and explore over these large areas in order to find a mineral resource that can be mined. To find a mine is difficult – there is a reason that resource commodity prices are historically high – and the footprint of a mine is always small; 100s of hectares is typical.”

“Of the West Coast’s total area of 23,000km2, mines occupy approximately 4km2. From that very small footprint, mining earns one-third of the region’s household income. No other land use earns anywhere near this amount of value per hectare.”

“During and after mining, mined land is rehabilitated as per the conditions of the resource consents. Every mine is different, but anybody interested can visit the larger mines operating in New Zealand and see what the companies are doing to manage their environmental impact, or contact Straterra for information.”

“The accusation that mining is a case of money rushing offshore is bereft of logic – mine operators pay salaries, taxes, rates, royalties, levies and other charges, provide community support, and make payments to suppliers and contractors, including for environmental management. Mining is a good job to have, earning on average twice the national average wage. Of course, investors expect a return on their investment – without that expectation, the investment will not be made.”

“If one stands back and thinks for a second, this all makes sense. New Zealand has laws. We have standards. Companies want to do right by communities and iwi. We care about our environment.”

“Mining today is a knowledge-based, high-technology industry, employing skilled people, producing necessary materials, in an environmentally-responsible way. Properly encouraged and managed, mining could and should make a much bigger contribution to the New Zealand economy.” 

ENDS

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