This OIA response provides the OIO’s Assessment Report relating to Oceana Gold (New Zealand) Limited’s (Oceana Gold) application for consent to acquire sensitive land under the Overseas Investment Act 2005.
Oceana Gold operates a gold mine operation in Waihi. It sought consent to acquire approximately 197.066 hectares of sensitive land at Waihi to build a portal on the Land to their Wharekirauponga Tunnel
This assessment report summarises Oceana Gold’s proposed development and claimed benefits and the OIO’s assessment of the application.
As a result of the OIO’s assessment, the OIO recommended that the Minister of Finance and the Minister for Land Information (together, the Ministers) grant consent for Oceana Gold to acquire the Land. The Ministers granted consent on 31 October 2021.