Dairy giant Fonterra wants to open a new coal mine in Waikato to fuel its processing plants.
In an emailed statement, Fonterra's national consents manager David Wright says its mining company, Glencoal Energy, intends to lodge resource consents to build a mine near Mangatangi, about 50 minutes south of Auckland, off State Highway 2 towards Paeroa.
Without giving details, Mr Wright says the mine's footprint will be "very small" and will have a life of less than 10 years.
The land is owned by Fonterra and the mine will be open cast, he says, extracting 120,000 tonnes a year at its peak.
Consents could be lodged in a few months, after community consultation, with the intention of starting mining by the end of 2014.
Fonterra’s Waitoa, Hautapu, and Te Awamutu milk processing factories get their coal from the Kopako 3 mine, at nearby Maramarua, which is nearing the end of its life.
Last week, Solid Energy announced sweeping cuts to operations and staff, blamed on falling international coal prices.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Businesses say they can't afford to replace outdated equipment
- Good news and bad news for Sky TV in Netflix' horror result
- Xero is beating Sage’s mainstream product in Britain: Drury
- Vodafone reports landline gains, more profitable mobile mix for NZ operation
- Xero ‘stretching credibility,’ MYOB’s ‘noise’ – eGST war continues
Most listened to
- Sunday Business with Andrew Patterson
- Business Week in Review with Grant Walker & Andrew Patterson
- “The justice system never troubled itself in the most elementary way to get the facts to decide the case” - Rodney Hide
- Hunter's Corner: Is the ASX taking our best and brightest?
- Cameron Officer on the car of the week: Mercedes-Benz C 300 Coupe