|
The Trust through its subsidiary, Selhurst Holding Limited has a 85% shareholding in this company with Gala Developments Limited holding the remaining 15%.
The Company was incorporated in 1995 for the purpose of purchasing the Te Kuha Mining Licence at Westport, South Island, and mining the licensed area when Access Agreements and Resource Consents had been approved.
The Company's Resource Consent Application was not granted which led to an appeal to the Environment Court. Prior to the hearing of the case the Company entered into dialogue with the principal objector, the Department of Conservation, with the intention of satisfying its concerns.
It appears that after expending substantial time and resources the Company has been unable to ameliorate DOC's concerns.
The Company has taken the decision not to pursue its Appeal to the Environment Court however will continue to address the objections made by DOC while considering the option of making another Application for Resource Consent.
|
|
|
|
