Le Lézard
Classified in: Mining industry
Subject: LAW

Chatham resolves EPA issue


WELLINGTON, New Zealand, Dec. 13, 2017 /CNW/ - Chatham Rock Phosphate Limited (TSXV: "NZP" and NZAX: "CRP" or the "Company") advises that it has decided to accept liability for the disputed costs with the Environmental Protection Authority (EPA) relating to the Marine Consent application made in 2014.

Accordingly CRP has paid to the EPA the total claimed costs of CAD 708,000, substantially offset by funds placed in a trust account pending the resolution of the dispute. In consequence, the net impact on CRP's operational cash flows was only CAD 254,000

CRP will be looking to formally conclude the court proceedings shortly and looks forward to the complete resolution of this legacy issue.

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.

SOURCE Chatham Rock Phosphate


These press releases may also interest you

at 11:15
The "Global Industrial Gearbox Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The industrial gearbox market is expected to reach a value of $38.44 billion by 2028 from $30 billion in 2022, growing...

at 08:59
American Battery Technology Company (ABTC) , an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, today...

at 08:32
XCMG Machinery (SHE:000425, "XCMG") is proud to announce its recent triumph at the 2024 German Design Awards, where it has been awarded the Excellent Communications Design in Integrated Campaigns and Advertising for its innovative "Cultural Gift"...

at 08:30
Asahi Kasei Plastics North America Inc (APNA), manufacturer of Asaclean and a leading supplier of purging compounds for the plastics industry, has announced a new partnership with renowned plastics distributor, Polysource. This exclusive distribution...

at 07:29
In a strategic move to address the growing talent shortage in the global construction equipment industry, XCMG Machinery (SHE:000425, "XCMG") has launched an extensive cross-training program for its employees from XCMG Global Business Headquarters....

at 06:30
The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029 according to a new report by MarketsandMarketstm. The growth can be attributed to growing...



News published on and distributed by: