A draft minerals strategy for New Zealand to 2040
Published: 23 May 2024The draft Minerals Strategy sought feedback on a proposed long-term strategic approach to developing our minerals estate.
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PDF, 7MB, 14 pages
The Ministry of Business, Innovation and Employment (MBIE) consulted on a draft Minerals Strategy for New Zealand to 2040 in mid-2024 to set a strategic framework for responsible mineral production in New Zealand.
The consultation included proposals for a Minerals Strategy to 2040.
Minerals play an essential role in New Zealand’s economic growth through the creation of high-paying jobs, delivering funding for the Crown through royalties, and has direct positive impact in the regions where mining takes place and for New Zealand through export revenues. Minerals are also critical inputs into products that are necessary for other sectors to thrive, including the use of aggregates in construction and infrastructure, and development of renewable energy infrastructure for a clean energy transition.
Despite this key function, the minerals sector faces challenges. These include lack of a thorough understanding about our minerals ecosystem, supply chain risks, and a regulatory system that can be improved to enable investment.
Developing a minerals strategy is a fundamental first step in ensuring that we have a strategic framework for resource production so that resource development happens in a responsible manner.
The draft strategy was built on 3 key pillars:
It discussed the specific actions we could take to position the minerals sector to deliver value in an environmentally responsible manner.
MBIE asked for feedback on the draft Minerals Strategy, and specifically on the following questions:
Submissions for the consultation closed 31 July 2024, 5pm.
MBIE has summarised the submission it received during consultation:
102 submissions were received from a range of submitters.
The majority of the submissions came from individuals, consultants, and business owners (28% of submissions), minerals industry participants or groups/bodies (21%), and environmental and community groups (16%).
96% of submitters are broadly supportive of developing a plan to manage the future of mining in New Zealand subject to additional considerations.
4% did not support the strategy in its entirety.
The 6 central themes from the submissions are:
Feedback received during consultation will now be used to inform revisions to the strategy, with the aim to release a finalised version before the end of the year.
The draft Minerals Strategy sought feedback on a proposed long-term strategic approach to developing our minerals estate.
PDF, 7MB, 14 pages
An accessible web version of the draft Minerals Strategy for New Zealand to 2040 consultation discussion document is available here:
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https://www.mbie.govt.nz/have-your-say/proposed-minerals-strategy-to-2040
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