Mayor Wayne Brown, who will ask today's Far North District Council meeting for a $3000 ratepayer contribution to the cost of attending a major mining conference in Canada next month, sees no conflict of interest in his investing in the industry in the Far North.
He is one of three directors, and a five per cent shareholder, in newly-formed company Tai Tokerau Minerals.
Mr Brown, who has added his interest in the company to the council's interest register, said there were no grounds for criticism.
Tai Tokerau Minerals, a small company, intended considering investing in mining but had not yet done so.
A resource consent would not be sought for at least five years, so there wasn't a technical means by which he could advantage himself.