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The distance between the two countries is just under 20, km, and reducing transport costs could open the doors for a wide range of projects in the South Pacific region. But a number of risks are inherent to the project. Seabed mining presents higher risks than onshore mining due in great part to the absence of control over the work environment. This is especially true since Chatham is exploring a section meters below the Pacific Ocean. Securities Disclosure: I, James Wellstead, hold no direct investment interest in any company mentioned in this article.
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And remember you can unsubscribe at any time. You must be logged in to post a comment. Manageable risks But a number of risks are inherent to the project. Get the latest Potash Investing stock information.
Get the latest information about companies associated with Potash Investing Delivered directly to your inbox. The sediment will form a plume of suspended sediment. Depending on currents, the sediment plume will be transportedfrom the site of discharge with distance depending on the sediment particle size and sediment will subsequently settle on the seabed. The suspended sediment plume will have sedimentation effects on the benthic environment adjacent to the mining site deposition of one to two centimetres could extend three kilometres from the mining blocks.
CRP states that the suspended sediment concentration is predicted to be near background levels around one milligram per litre within about 15 kilometres of the mining site. Approximately half of the marine consent area overlaps with approximately 60 per cent of a Benthic Protection Area the overlap is 5, km 2. These are areas which are closed to bottom trawling in order to protect seabed habitat.
CRP states that it has identified mining exclusion areas 1, kilometres 2 for protection from seabed disturbance which better recognise the values associated with the central crest of Chatham Rise. The mining activity will result in the formation of a suspended sediment plume reducing water clarity. The disturbance of sediment will result in the release of chemical elements nutrients such as nitrogen and phosphorus and trace elements such as arsenic, nickel and uranium found in the sediments into the water column.
CRP states that the elements released are likely to result in the 99 per cent ANZEEC trigger value being exceeded, but that following dilution, concentrations will not exceed the trigger value. In the case of uranium, there will be a near field concentration increase of 10 per cent. There will be discharge of organic matter after mining due to the incorporation of benthic biota in the mined sediment.
This discharge is likely to increase oxygen demand. If organic enrichment occurs, then the oxygen demand and consumption by bacteria decomposing the organic matter will increase, possibly leading to hypoxia or anoxia. CRP states that it will not result in anoxia at the water-sediment interface.
CRP has commissioned the development of a trophic model of the food web on the Chatham Rise. CRP states that the model indicates that much of the Chatham Rise fisheries resource is reliant on primary production through phytoplankton and the build-up of mesopelagic metres deep food resource.
It suggests that there is limited food dependency between fisheries and benthic fauna because the proposed mining is below the photic zone. CRP concludes that the trophic impacts of removing benthic fauna in the mining area will be minor in the broader context.
More than species of fish have been identified on Chatham Rise. Key commercial species include hoki, hake, and ling. Fish may be impacted by increased suspended sediment, changes in water quality and noise. Based on datasets of opportunistic sightings, CRP states that 12 species of whales or dolphin and one species group beaked whales have been observed in Chatham Rise waters between and These sightings include two threatened species killer whale and the southern right whale and three International Union for Conservation of Nature endangered species sei, blue and humpback whales.
Marine mammals may be impacted by noise created by mining activities, interactions with the mining vessel e. CRP states that noise effects may occur within two kilometres of the vessel for some marine mammal species. It states that the sound levels produced by an operating dredger similar to the equipment to be used on the mining vessel are comparable to the sound levels produced by a similar sized ship transiting across Chatham Rise. It proposes consent conditions to avoid any impacts of noise on marine mammals.
Chatham Rise is one of the most important areas for seabirds in New Zealand, with the majority of seabirds being present over the course of a year. The high marine productivity in this area attracts foraging birds. Seabirds may be impacted by interaction with the mining vessel particularly lighting impacts , disruption of food sources, and the introduction of pollutants into the environment. Currently, the only human use of natural resources on the Chatham Rise is fishing, which results in damage to benthic environments and by-catch of marine mammals, seabirds, and other non-target species.
CRP has identified that approximately 92, km 2 of the Chatham Rise under m depth was trawled between and CRP states that the impacts of mining on the crest of the Chatham Rise km 2 over 15 years will be proportionally very small compared to the area on the flanks of the Chatham Rise that has been and continues to be impacted by commercial fishing.
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