Government approval for OceanaGold to purchase land for a tailings dam provides security for a generous percentage of the Waihī community, according to Hauraki mayor John Tregidga.

Tregida described Tuesday's announcement as the right decision, adding the earlier decision by Land Information Minister Eugenie Sage had been "totally incorrect and totally inappropriate" for Waihī.

The application was first put before Associate Finance Minister David Clark and Sage but was turned down after Sage did not agree with her coalition colleague that the purchase was likely to have substantial and identifiable benefits.

Approval was granted after Minister of Finance Grant Robertson

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