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Proposed Minerals strategy to 2040

The Government is proposing a draft Minerals Strategy to enable a long-term, strategic approach to how we develop our mineral resources (other than petroleum).

New royalty rates

Royalty rates for minerals listed in Schedule 2 of the Crown Minerals (Royalties for Minerals Other than Petroleum) Regulations 2013 have been updated.

Focus on resolving outstanding minerals permit applications

New Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business.

Minerals permitting improvement programme

We are implementing an ongoing improvements programme for our minerals permitting systems and processes to ensure we are an effective, consistent, and timely regulator.

Annual summary reports are now overdue

Annual summary reports (ASRs) were due on 2 April 2024.

As of 8 April 2024 we have received 715 of the 848 ASRs due. 82% of these were submitted through the online permitting system (OPS). Thank you for filing your reports online and on time.

Regulator’s Update – March 2024

In this issue: Snapshot of minerals permit applications, new specific royalty rates, minerals permitting improvement programme underway, reminder for annual summary reports, tier 1 permit holders and iwi engagement reports, Block Offer 2020 results.