New Zealand to review risk and benefits of seabed mining | Business

Seabed mining is allowed in New Zealand but it has to be approved by the Environmental Protection Agency.New Zealand will undertake a review of the risks and benefits of seabed mining and whether domestic regulation is needed, the government announced on Friday.

"Concerns about the environmental impacts of seabed mining need to be considered, along with the potential role that minerals recovered by seabed mining could play in New Zealand’s transition to a decarbonised economy," Parker said in a statement.Seabed mining is allowed in New Zealand but it has to be approved by the Environmental Protection Agency. Although three projects have been proposed to the agency none has been given final clearance.

Last October, New Zealand backed a conditional moratorium on seabed mining in areas beyond national jurisdiction.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Ready to explode' - SA mining communities under strain amid truck congestion, business failures | BusinessSA's junior miners - generally smaller and riskier than their larger counterparts - say they are struggling under the weight of both rail and electricity dysfunction, and some mines have already closed. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

We can't produce beer without water in SA, warns SAB owner politely | BusinessGlobal beer producer Anheuser-Busch InBev has added to the chorus of businesses lamenting SA's energy crisis, warning that the poor state of electricity generation is hitting its ability to produce beer. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Japan wants its companies to invest in Mozambican gas | BusinessJapanese investors will be supported to increase investment in natural-gas projects in Mozambique as the Southeastern African country aims to develop giant offshore projects, Prime Minister Fumio Kishida said. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »