DSCC News

Chatham Rock moves nearer to mining

19 December 2012

Source: Stuff.co.NZ - Business Day

Author: James Weir

Plans to mine rock phosphate from the Chatham Rise took another step forward with €4 million to be spent on a final detailed design of a system to extract the rock from under the sea.

New Zealand company Chatham Rock Phosphate has agreed with Boskalis to move to phase two of its services contract to design the mining system. That work should be completed by the end of June 2013.

Earlier this year International dredging giant Boskalis took a 20 per cent stake in CRP, mainly as a prepayment for services.

Boskalis is CRP's technical partner in its Chatham Rise rock phosphate project and is a global dredging and maritime services company.

In July this year, CRP entered a contract for services with Boskalis Offshore B.V..

For more, go to: http://www.stuff.co.nz/business/industries/8099266/Chatham-Rock-moves-nearer-to-mining