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Speaker 1: Right. Oh well, the government has approved Ocean Gold's Yhi

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Speaker 1: North mining project, extending gold and silver extraction in the

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Speaker 1: Wahi area until twenty forty three, delighting the pro mining

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Speaker 1: crowd and Martua Shane Jones. It is a decision I

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Speaker 1: agree with. Why he has already been extensively mined, The

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Speaker 1: environment has already beaten up. This will keep the town

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Speaker 1: alive and will provide hundreds of jobs. But make no mistake,

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Speaker 1: this is not going to be an El Dorado for

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Speaker 1: the whole country. The royalties are still at the excruciatingly

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Speaker 1: low level they've always been at. So why He North

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Speaker 1: will generate five point two billion dollars in additional gold

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Speaker 1: and silver exports over its eighteen year lifespan. Five point

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Speaker 1: two billion. That's about two hundred and eighty six million

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Speaker 1: a year Crown revenue from corporate tax paye and royalties

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Speaker 1: expected to net a president bat value of four hundred

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Speaker 1: and twenty two million. They mine five point two billion,

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Speaker 1: we get four hundred and twenty two million over the

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Speaker 1: life of the project. Now that is not an economy

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Speaker 1: saving sun. It represents about an eight percent healed on

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Speaker 1: the output, so it's not nothing, but it's not an

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Speaker 1: economy saving sum. But remember a deal is a deal,

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Speaker 1: and they were given the license to mind why he,

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Speaker 1: and they're just continuing to mind why he. But what

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Speaker 1: really concerns me his thoughts about new claims, the area

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Speaker 1: behind Poha Nui and Taiua on the Corimandel, or the

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Speaker 1: new work proposed for Bendigo, Because until the whole nation

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Speaker 1: truly benefits from the work, until the royalties are increased,

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Speaker 1: are we prepared to damage our land for that money?

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Speaker 1: Is it worth it?

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Speaker 2: For more from Hither Duplessy Allen Drive. Listen live to

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