| Decision | Consent Granted Section 13(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 2 October 2023 |
| Pathway(s) | Significant business assets only |
| Investment | Establishment of a business, being a gold mine near Reefton |
| Cost of Commencing Business | $100 million |
| Applicant | Tasman Mining Limited Australia 68% United States of America 32% |
| Vendor | Not Applicable |
| Background | Tasman Mining Limited is a New Zealand company owned by Federation Mining Pty Ltd. The major shareholder for Federation is AustralianSuper Pty Ltd, who in turn, has the Australian Council of Trade Unions and the Australian Industry Group as its major shareholders. The Applicant proposes to re-establish a goldmine near Reefton. The original Snowy River Gold Mine closed in 1951 following a shaft collapse. The Applicant has been engaged in due diligence investigations to assess the commercial viability of the mine. Tasman Mining Ltd intends to purchase several assets from Ocean Gold New Zealand Limited including access arrangements, mining permits and resource consents. The Applicant has satisfied the investor test criteria. |
| More information | Robert Huse Anderson Lloyd (Auckland) P O Box 399 Shortland Street |