Encouraging growth through mineral exploration

One of National’s priorities this term is to build a more competitive and productive economy. Natural resources play an essential part in this with oil, gas and minerals contributing more than $4 billion to New Zealand’s GDP each year. Oil, gas and mineral exploration is a major contributor to the economy, however, there is huge potential for growth.

This week National passed the first stage of a bill that gives New Zealanders greater confidence in how the Government is allocating rights to Crown-owned minerals, and how it is regulating those rights.

The bill simplifies and streamlines the regulatory regime for Crown-owned minerals, and will help New Zealand maximise the gains from development of our oil, gas and mineral resources, while responsibly managing environmental matters, and health and safety.

For more information, click here.