Port of Taranaki lifted annual profit 57 percent after it reported record revenue servicing the offshore oil and gas exploration industry. Profit rose to $11.7 million in the 12 months ended June 30, from $7.5 million a year earlier, the New Plymouth-based port said in its annual report. Sales rose 23 percent to $55.2 million, the highest ever for the …

Environmental lobbyists criticised plans by Chatham Rock Phosphate to mitigate the impact of its proposal to mine phosphate nodules from the Chatham rise seabed, saying it wouldn’t diminish the risk and uncertainty of the project, and that any economic benefit didn’t trump environmental concerns. Speaking on the second day of a two-month hearing on Chatham Rock’s marine consent application, the …

Pledge Me, the online crowd funding platform, has launched its first two equity offers, giving investors the chance to buy into New Zealand’s first computer museum, backed by Apple Inc co-founder Steve Wozniak, and a hovercraft ferry in the South Island. The Wellington-based crowd funder is licensed under the new Financial Markets Conduct Act, which came into effect on April 1, providing …