New worries for NZ miners

A NEW government may have mining in its sights. The Outcrop, by Robin Bromby.

New worries for NZ miners New worries for NZ miners New worries for NZ miners New worries for NZ miners New worries for NZ miners

Call it timely (possibly): last Friday the ASX was advised that Newcrest Mining had sold its 80% interest in the Rahu gold project in the North Island of New Zealand.

The announcement from the buyer, New Talisman Gold Mines (listed both here and across the ditch), came the day before the New Zealand general election. The election outcome may have considerable implications for mining projects.

I won’t go too deeply into how their system works (your head will hurt), but it is called Mixed Member Proportional. You get two votes: one for a candidate in your electorate, and the second one for a party. Part of the parliament is made up of MPs representing electorates, the rest from party lists, the numbers decided by the per...