Greywolf Goldmining has partnered with Chinese privately owned Qinghua Group to assess potential projects in New Zealand with an eye to purchasing land under which lignite lies - and Mataura is in their sights.
"Greywolf chairman Edward Lancaster said there was a lot of lignite for sale and it was looking to purchase one of the deposits located near Gore from Bell Brooke Holdings."
So we have both wolves and Chinese mining companies at our door, no doubt prising it open to get in for a heapin' helpin' of our lignite.
Here's the article from the Southland Times.
In it, Greywolf's Edward Lancaster says,
"We have been slowly, in the past six months, fossicking around New Zealand acquiring the assets we feel we need and then going through the process of getting them approved."
Wolves in Southland!
Who'd have thought?
7 comments:
A bit of fossicking never caused any harm....
And yet how'd ya like to be fossicked Bio?
Our lignite? Awesome! I will just go help me'sel' then...
Good point Shane - careless thinking that.
Not just careless - crucial. Property rights in New Zealand are a joke when one considers the concept of allodial title and mining. Outrageous, and the basis of collective thinking, community ownership and the tyranny of the commons.
Who owns the minerals then Shane, under your house?
who would know? Probably not me.
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