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flag Trans-Tasman Resources retracts $1bn annual claim amid criticism over reporting standards.

flag Trans-Tasman Resources (TTR), a seabed mining company, retracted its claim of generating $1 billion annually due to criticism over reporting standards. flag Initially linked to New Zealand's Fast Track Bill, TTR aimed to extract 50 million tonnes of seabed yearly. flag Critics, including Kiwis Against Seabed Mining, argued TTR misled investors and should be removed from the list. flag TTR's chair, Alan Eggers, termed the retraction a "technicality" and reiterated future earnings goals.

6 months ago
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