Gold mine, New Zealand
EKN is considering a guarantee for financing equipment for the Snowy River mining project in New Zealand. The project is located near Ikamatua on the southeast coast of New Zealand's South Island.
The project involves the establishment of a new gold mine in an area of historical mining, consisting of underground mining, a processing plant, and facilities for handling and depositing waste rock and tailings. Production is expected to commence in 2026. EKN has provisionally classified the project as A and is conducting an in-depth analysis of the project's social and environmental risks. These are initially assessed as relating to the impact on biodiversity, land, and water.
Information about the project and its social and environmental impact can be found in the following documents:
The information was published on EKN’s website www.ekn.se on December 15, 2025. Comments on the transaction can be submitted within 30 days to info@ekn.se. This publication follows the OECD's recommendation on common approaches for export credit agencies, known as the “Common Approaches.”
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