Pitfalls lie ahead for NZ mining - News Summed Up
Pitfalls lie ahead for NZ mining

Pitfalls lie ahead for NZ mining

September 21, 2018 16:30 UTC

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Pitfalls lie ahead for NZ mining


Photo: SuppliedNew Zealand's mining sector is facing its toughest battle ever as the Government winds its way toward reviewing the Crown Minerals Act, which governs the permitting of land for mining. The lack of details on this stance has the mining sector in a tailspin, given a third of the country is covered by one of five types of conservation land. Photo: SuppliedThe closing period is expected to be either in late-December, or as the mining sector hopes, in February, with a decision possibly within four to six months after that. The mining sector is massively frustrated its message of the necessity for mineral exploration and its rewards from contributing to the economy, manufacturing and technological advances appears to fly under the public’s radar. On the basis of the oil and gas changes, there are 701 existing types of mining permits in play around the country at present.


Source: Otago Daily Times September 21, 2018 16:30 UTC



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