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.
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.