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Speaker 1: Fast track as in consenting is coming to the economic party.

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Speaker 1: It seems the Australian minus Santana have secured a city

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Speaker 1: a permit for the Central and Tigo gold projects, so

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Speaker 1: they're going to pay either ten percent of profits or

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Speaker 1: two percent of the gold sales to the government, which

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Speaker 1: is an eight hundred million dollars deal over time. Damien

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Speaker 1: Spring is the chief executive of Santana Minerals and as

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Speaker 1: well as Damian Morning, Good morning the process itself. Are

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Speaker 1: you happy with it in terms of as a country,

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Speaker 1: Are we getting our act together in getting on with

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Speaker 1: the business? Ah?

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Speaker 2: Look, I think we're in our particular second start now

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Speaker 2: reached the part where we've got much more certainty certainly

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Speaker 2: what we had to do in order to formulate our application.

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Speaker 2: It's still diligent, it's still thorough, and it still pretty

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Speaker 2: much sits under the existing the previous legislations which still

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Speaker 2: exist the Resource Management Act another related act. So we're

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Speaker 2: getting there, but I certainly think we can do better.

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Speaker 1: Good and will we once the laws are passed.

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Speaker 2: Look, I think I think Simon Court is leading that

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Speaker 2: charge and the reforms to the resource management and I

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Speaker 2: understand there's going to be some indication of what that

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Speaker 2: might look like the side of Christmas and with a

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Speaker 2: view to get that into law next year.

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Speaker 1: The pushback you deal with, is mining still a thing

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Speaker 1: in this country as far as you're concerned? For some.

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Speaker 2: Oh, look, there's plenty of pushback, but I'm comfortable that

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Speaker 2: there's much more in terms of support. I've been mining

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Speaker 2: here continuously for twenty years, obviously educating and grew up here,

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Speaker 2: so mining is definitely part of our lives. We just

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Speaker 2: need to raise a profile even more, just educate people

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Speaker 2: about what we do, what we produce, and how we

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Speaker 2: look after our fantastic country we've got here.

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Speaker 1: And do people believe that? Or I mean, what I'm

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Speaker 1: trying to find out are the people who push back

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Speaker 1: these days? Are they the people are always going to

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Speaker 1: push back? Or is there a story to be told

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Speaker 1: that you haven't told quite as well you could have.

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Speaker 2: I think in most cases it's the sort of people

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Speaker 2: who will always push back and to be fair, and

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Speaker 2: a lot of those cases, they are our future neighbors, right,

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Speaker 2: so they've got a right to understand and get into

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Speaker 2: the detail. We have obviously tried to do that and

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Speaker 2: we will continue to do that and discuss with him

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Speaker 2: the deal.

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Speaker 1: You have struck ten percent of the profits of two

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Speaker 1: percent of the gold sales. Is that the way of

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Speaker 1: the future? Is this how this thing should work?

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Speaker 2: I love this particular royalty regime was brought in by

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Speaker 2: the government in twenty thirteen. I guess we're just one

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Speaker 2: of those lucky ones that have actually found something since

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Speaker 2: then that triggers that level of royalty regime. So it

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Speaker 2: is law. Any other new discovery on a permit issue

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Speaker 2: since then will pay a similar basis.

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Speaker 1: Of PRIORTI Is it worth hunting for gold if you

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Speaker 1: haven't been given what's happened to the price of gold

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Speaker 1: and later not? Or is it a bigger picture thing

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Speaker 1: than that.

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Speaker 2: It's going to be worth hunting for gold. The cent

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Speaker 2: our discovery here in Central Otago has sparked a interest

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Speaker 2: from a lot of companies moving into the area. That

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Speaker 2: was before this year, well before this year end end

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Speaker 2: of the gold price. So there's definitely price and the

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Speaker 2: fact that we've made this discovery.

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Speaker 1: What do you make of the market at the moment?

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Speaker 1: I mean, is this here for good or is this

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Speaker 1: a moment.

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Speaker 2: I guess reading some of the literature and research notes

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Speaker 2: at around there's been definitely a fundamental shift in where

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Speaker 2: gold sits in financial markets. There is definitely a flight

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Speaker 2: to safe havens such as gold, and I think we're

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Speaker 2: seeing that based on the research that's going to be

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Speaker 2: here for a while longer.

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Speaker 1: Good stuff, Damien, Nice to talk to you, Damian Spring,

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Speaker 1: who's the chief executive at SATANA. For more from The

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Speaker 1: Mic Asking Breakfast, listen live to news talks. It'd be

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