Far North iwi Ngai Takoto hopes its joint venture with a company to extract waxes and resins from a peat wetland at Kaimaumau (Kauri gum extraction makes comeback, April 17) will prove to be a win-win, providing for the iwi's economic future and improving the environment.
The iwi has joined with Auckland-based Resin & Wax Holdings, which has gained consents to extract kauri resin and wax from about 10 per cent of the 4000ha-plus wetland. The company has held a mining licence for peat in the Kaimaumau area since 1991, but machinery has only been invented in recent years to extract waxes and resins by using solvents.
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The Northland Regional Council has granted consents for staged commercial extraction from 400ha of wetland that forms part of a wider almost 950ha block owned by Ngai Takoto.
Te Runanga o Ngai Takoto CEO Rangitane Marsden said the venture was a big win for the iwi, which would help secure its economic and environmental future, while providing jobs and opportunities for its people.