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Manuka says Taranaki VTM project can greatly benefit New Zealand economy
ASX-listed Manuka Resources has confirmed the national significance of the Taranaki Vanadium Titano Magnetite (VTM) iron sands project, in New Zealand. For a NZ$1-billion, or $602-million, capital cost, of which at least NZ$55-million will be spent in New Zealand, the project can increase the country’s yearly GDP by NZ$265-million, create an estimated 1 365 new jobs across the economy and generate total export earnings of NZ$854-million every year as one of New Zealand’s top exporters, the company states.
ASX-listed Manuka Resources has confirmed the national significance of the Taranaki Vanadium Titano Magnetite (VTM) iron sands project, in New Zealand.
For a NZ$1-billion, or $602-million, capital cost, of which at least NZ$55-million will be spent in New Zealand, the project can increase the country’s yearly GDP by NZ$265-million, create an estimated 1 365 new jobs across the economy and generate total export earnings of NZ$854-million every year as one of New Zealand’s top exporters, the company states.
