Chatham Rock Phosphate Limited logo

CRP comments on Trans Tasman Consent Reversal

Operational Update29 August 2018CRPIndustrials

1



NEWS RELEASE 18-20 August 29, 2018

CRP comments on Trans Tasman Resources Consent Reversal

Chatham Rock Phosphate (NZ: CRP) (“CRP” or “the Company”) today notes the decision made

in the High Court of New Zealand on 28 August 2018 to quash the decision to grant a Marine

Consent to Trans-Tasman Resources (“TTR”), on the basis that the Decision Making Committee

(DMC) erred in applying an adaptive management approach to discharges, in contravention of the

Exclusive Economic Zone and Continental Shelf (Environmental Effect) Act 2012.

CRP also notes that the remaining eight points of appeal were rejected, including all appeals

relating to existing interests. CRP considers that these decisions will provide important

precedents for future marine consent applications.

While Churchman J found that the DMC was not permitted to use an adaptive management

approach, CRP takes comfort in the significant comments made by Churchman J that appear to

support the implementation of adaptive management. CRP particularly agrees with the findings of

Churchman J that:

 “An adaptive management approach is available in relation to marine consents applying

to activities undertaken within the territorial waters, and therefore governed by the RMA

and NZCPS”;

 “An adaptive management approach would seem to be ideally suited in cases where there

was uncertainty as to the effects on the environment of a marine discharge consent”; and

 “It is not obvious why Parliament chose to classify the discharge of the residue of seabed

mining activities as the discharge of a hazardous substance (and thereby to make adaptive

management unavailable). It cannot have been to further New Zealand’s international

obligations because the relevant international conventions restrict the prohibition of

adaptive management to dumping rather than discharge”

CRP considers the findings of Churchman J provide a comprehensive platform to support a

prompt amendment of the EEZ Act and will be strongly urging government agencies to amend

the EEZ Act in this regard, to bring it into accordance with other existing domestic and

international legislation, and to reflect best environmental practice.

As already announced, CRP is working through the first stage of our Marine Consent

reapplication process and expects to complete and file our scoping review in November.


About Chatham Rock Phosphate


Chatham Rock Phosphate is the custodian of New Zealand’s only material resource of ultra-low

cadmium, environmentally friendly pastoral phosphate fertiliser. Using this phosphate will

support sustainable farming practices, including healthier soil profiles and reduced accumulation

2
of the heavy metal cadmium, reducing carbon emissions and dramatically lowering runoff to

waterways and shrinking fertiliser needs over time.


The resource represents one of New Zealand’s most valuable mineral assets and is of huge

strategic significance because phosphate is essential to maintain New Zealand’s high agricultural

productivity.

For further information, please contact:

Chris Castle

President and Chief Executive Officer

Chatham Rock Phosphate Limited

64 21 55 81 85 or chris@crpl.co.nz


Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the

Exchange), or NZX 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.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.