| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 12 September 2025 |
| Pathway | Sensitive land - Benefit test |
| Investment | Acquisition of land at 111 Willows Road, Waihi, 1.0638 hectares; 112 Willows Road, Waihi, 0.8483 hectares; 122 Willows Road, Waihi, 1.927 hectares; 131 Trig Road North, Waihi, 1.29 hectares. |
| Consideration | $5,762,450 |
| Applicant | Oceana Gold (New Zealand) Limited United States of America 48% Canada 16% United Kingdom 8% Various 28% |
| Vendors | Phillip William Sanderson and Catherine-Ann Sanderson Owen Fred Bullock and Susan Patricia Peachey Rex David Harper and Wendy Dawson Harper Glenn Maxwell Tinsley, G & A Home Trustee 2018 Limited and Susan Marie Varnham Tinsley as trustees of the Willow Rock Trust New Zealand 100% |
| Background | The Applicant is a New Zealand incorporated company ultimately owned by OceanaGold Corporation. It is New Zealand’s largest gold producer, and is engaged in the discovery, extraction, and processing of gold ore. The land is currently used for residential and lifestyle purposes. The Applicant intends to acquire the land to create a buffer zone around its mining operations in Waihi. The Applicant will lease back the Land for residential use while its mining operations are ongoing. The buffer zone will ensure mining activities can continue more efficiently. The main benefits to New Zealand are likely to include economic benefits associated with greater efficiency and improved viability of mining projects currently underway in Waihi. Consent was granted as the Applicants have met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Robert Huse Anderson Lloyd (Auckland) PO Box 399 Shortland Street Auckland 1140 |