CRP will be dismayed at the Court of Appeal's decision. Time to flag NZ operations? Pity, we are going to need all the economic growth we can lay our hands on.

"Trans Tasman Resources (TTR) have lost their appeal against a High Court decision which stopped them mining iron sands from the Taranaki seafloor.

"I think this sends a powerful message that New Zealand waters are not open for business by sea bed miners," said Baxter."

https://www.newshub.co.nz/home/new-z...-seafloor.html