OceanaGold Welcomes the New Zealand Fast-track Approvals Act
OceanaGold welcomes New Zealand Parliament's passing of the Fast-track Approvals Bill for significant infrastructure projects. The new process, opening for applications on February 7, 2025, includes the Waihi North Project and proposed Wharekirauponga underground mine (WUG) among 149 listed projects. The company plans to submit its Fast-track application in early 2025, expecting full permits by year-end 2025, allowing underground development work to begin in 2026. $40-45 million of early works not requiring Fast-track approvals are planned for 2025. The WUG project, validated by recent pre-feasibility study results, aims to deliver long-term benefits for shareholders, workforce, local communities, and New Zealand's economy.
OceanaGold accoglie con favore l'approvazione da parte del Parlamento neozelandese del Fast-track Approvals Bill per progetti infrastrutturali significativi. Il nuovo processo, che aprirà alle domande il 7 febbraio 2025, include il Progetto Waihi North e il proposto miniera sotterranea di Wharekirauponga (WUG) tra i 149 progetti elencati. L'azienda prevede di presentare la sua domanda di Fast-track all'inizio del 2025, aspettandosi di ottenere i permessi completi entro la fine del 2025, consentendo l'inizio dei lavori di sviluppo sotterraneo nel 2026. Sono previsti 40-45 milioni di dollari di lavori preliminari che non richiedono approvazioni Fast-track per il 2025. Il progetto WUG, convalidato dai recenti risultati dello studio di pre-fattibilità, mira a offrire benefici a lungo termine per gli azionisti, la forza lavoro, le comunità locali e l'economia neozelandese.
OceanaGold da la bienvenida a la aprobación del Parlamento de Nueva Zelanda del Fast-track Approvals Bill para proyectos de infraestructura significativos. El nuevo proceso, que abrirá para solicitudes el 7 de febrero de 2025, incluye el Proyecto Waihi North y la propuesta de mina subterránea de Wharekirauponga (WUG) entre los 149 proyectos listados. La empresa planea presentar su solicitud de Fast-track a principios de 2025, esperando obtener todos los permisos para finales de 2025, lo que permitirá que los trabajos de desarrollo subterráneo comiencen en 2026. Se prevén 40-45 millones de dólares en trabajos preliminares que no requieren aprobaciones Fast-track para 2025. El proyecto WUG, validado por los recientes resultados del estudio de pre-factibilidad, tiene como objetivo ofrecer beneficios a largo plazo para los accionistas, la fuerza laboral, las comunidades locales y la economía de Nueva Zelanda.
OceanaGold 는 뉴질랜드 의회가 중요한 인프라 프로젝트를 위한 패스트 트랙 승인 법안의 통과를 환영합니다. 2025년 2월 7일에 신청을 받기 시작하는 새로운 절차에는 Waihi North 프로젝트와 제안된 Wharekirauponga 지하 광산(WUG)이 149개의 상장 프로젝트 중 하나로 포함됩니다. 이 회사는 2025년 초에 패스트 트랙 신청서를 제출할 계획이며, 2025년 연말까지 모든 허가를 받을 것으로 기대하고 있으며, 2026년에 지하 개발 작업이 시작될 수 있도록 합니다. 패스트 트랙 승인이 필요 없는 조기 작업에 대해 4천만~4천5백만 달러가 2025년 동안 계획되어 있습니다. 최근의 사전 타당성 연구 결과로 검증된 WUG 프로젝트는 주주, 노동력, 지역 사회 및 뉴질랜드 경제에 장기적인 이익을 제공하는 것을 목표로 합니다.
OceanaGold accueille favorablement l'adoption par le Parlement néo-zélandais de la loi sur les approbations rapides pour des projets d'infrastructure significatifs. Le nouveau processus, qui ouvrira aux demandes le 7 février 2025, inclut le projet Waihi North et la proposition de mine souterraine de Wharekirauponga (WUG) parmi 149 projets répertoriés. L'entreprise prévoit de soumettre sa demande de Fast-track au début de 2025, s'attendant à obtenir tous les permis d'ici la fin de 2025, ce qui permettra de commencer les travaux de développement souterrain en 2026. 40 à 45 millions de dollars de travaux préliminaires ne nécessitant pas d'approbations rapides sont prévus pour 2025. Le projet WUG, validé par les récents résultats d'étude de faisabilité, vise à offrir des avantages à long terme pour les actionnaires, les travailleurs, les communautés locales et l'économie néo-zélandaise.
OceanaGold begrüßt die Verabschiedung des Fast-track Approvals Bill durch das neuseeländische Parlament für bedeutende Infrastrukturprojekte. Der neue Prozess, der am 7. Februar 2025 für Anträge geöffnet wird, umfasst das Waihi North Projekt und die vorgeschlagene Wharekirauponga Untertagebau (WUG) unter den 149 aufgeführten Projekten. Das Unternehmen plant, Anfang 2025 seinen Antrag auf Fast-track einzureichen, in der Erwartung, bis Ende 2025 alle Genehmigungen zu erhalten, damit die unterirdischen Entwicklungsarbeiten 2026 beginnen können. Für 2025 sind 40-45 Millionen Dollar an Vorarbeiten geplant, die keine Fast-track Genehmigungen erfordern. Das WUG-Projekt, das durch die jüngsten Ergebnisse der Voruntersuchung validiert wurde, zielt darauf ab, langfristige Vorteile für Aktionäre, Arbeitskräfte, lokale Gemeinschaften und die neuseeländische Wirtschaft zu bieten.
- Fast-track approval process expected to reduce permitting timeline significantly
- Project included in priority list of 149 significant infrastructure projects
- Clear timeline for development with permits expected by end of 2025
- $40-45 million early works planned for 2025
- Pre-feasibility study validates project's potential for long-term benefits
- Project development still subject to potential appeals
- Significant capital expenditure required before full permits secured
OceanaGold intends to lodge its Fast-track application in early 2025 and expects to be fully permitted (subject to any appeals) under the Fast-track approvals process by the end of 2025. This timetable would allow the Company to commence decline and underground development work for the proposed WUG mine in 2026. In 2025,
Gerard Bond, President & CEO of OceanaGold, said "We are very pleased by the enactment of this landmark legislation that derisks the permitting timeline, providing a better climate for investment in OceanaGold's projects in
For more information on the Fast-track Approvals Act, please see the Government of
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in
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SOURCE OceanaGold Corporation
FAQ
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