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Trans-Tasman Resources invited to apply for fast tracking

The Government has formally invited Trans-Tasman Resources to prepare an application for its controversial seabed mining proposal to be included as a listed project in the Fast-track Approvals Bill.

The announcement was made to the Australian Securities Exchange on Monday by Manuka Resources, the parent company of Trans-Tasman Resources.

A statement by Manuka Resources said the decision was a “positive step” towards achieving the final approval needed to mine 3.2 billion tonnes of iron sand offshore in the South Taranaki Bight.