| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 September 2026 |
| Pathway | Sensitive land - Benefit test |
| Investment | Acquisition of 98B Highland Road, Waihi, 3.5945 hectares; and 129 Corbett Road Waihi, 56.2533 hectares. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Oceana Gold (New Zealand) Limited United States of America 48% Canada 16% United Kingdom 8% Various 28% |
| Vendors | Ingrid Ann Ormandy New Zealand 100% Gary Christopher Neil Spinks & Sue Anne Spinks as partners of the GCN & SA Spinks Partnership 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 purposes and as a dry stock (sheep and beef) lifestyle farm. The Applicant intends to acquire the Land to create a buffer zone around it’s mining operations in Waihi. The Applicant will lease back the Land for residential use while it’s 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 Lawyers PO Box 201 Queenstown 9300 |