New Zealand releases draft strategy for mineral sector
By Lucy Craymer
WELLINGTON, May 23 (Reuters) -The New Zealand government on Thursday released a draft strategy for the country's mineral sector that it says would double the country's mineral exports to NZ$2 billion ($1.2 billion) by 2035.
The strategy includes creating a list of critical minerals, improving the permissions for permits, amending regulation and promoting investment opportunities.
It also includes getting controversial fast-track approvals bill approved, which would allow companies to circumvent normal permitting processes if their project is deemed sufficiently important and instead receive permission from government ministers.
"New Zealand has suffered from the lack of a clear long-term strategic direction for the development of its minerals estate," Minister for Resources Shane Jones said.
"With the right direction and settings, mining will continue to boost regional opportunities and jobs, increase our self-sufficiency, and be a critical part of this government’s export-led focus, especially as we take advantage of the global opportunities for new minerals uses.”
Consultation on the strategy runs until the end of July 2024.
($1 = 1.6353 New Zealand dollars)
Reporting by Lucy Craymer; Editing by Stephen Coates
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