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Should the Coromandel Peninsula be made subject to a blanket ban on mining for minerals?

BY Stephan Bosman

Whitianga | Thu July 06, 2017

Should the Coromandel Peninsula be made subject to a blanket ban on mining for minerals?

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Comments (3)

Thomas wrote :

Yes, there should be a ban on mining. There is plenty of Gold stored in vaults to supply the high tech industry so we do not need more of the metal. And as a representation of "value" to prop up currencies, digital currencies such as Bit Coin and the Block Chain technology offer nontoxic alternatives that are much more democratic and safe from theft and tampering than a physical value store. Don't MINE the land that is OURS. Mine Bitcoins to your heart's content!

Sat July 22, 2017 8:16AM

Adam wrote :

Most definitely! Tourism contributed $9.6 billion (3.3% GDP) to the New Zealand economy. Mining contributed 0.3% GDP. Tourism is far more valuable, and enduring if appropriately managed than mining which is a finite resource i.e. unsustainable. Mining companies paid relatively little tax and minimal royalties; the current royalty regime for gold in New Zealand is 1% of the total revenue of gold, or 5% of accounting profits, whichever is higher.

Wed July 12, 2017 7:28PM

Adam wrote :

Wed July 12, 2017 7:25PM

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