News

Development of a Resource Strategy for petroleum & minerals

The Government is in the initial stages of the development of a Resource Strategy for petroleum and minerals.

The proposed Resource Strategy will be a 10-year strategy that will articulate the Government’s long term vision for the petroleum and minerals sector in New Zealand and support the transition to a low emissions future and a productive, sustainable and inclusive economy.

The Resource Strategy is currently being developed with the input of Treaty partners and other interested parties. A draft version will go out for public consultation in the middle of 2019 to provide everyone with the opportunity to discuss how New Zealand can sustainably derive value from its petroleum and minerals resources.

The Resource Strategy will be used to underpin a review of the Crown Minerals Act 1991. The review of the legislation is to ensure it is fit for purpose to meet the needs of all New Zealanders and a discussion document is due to be released in late 2019.

Further information and advice on how to have your say will be provided in the coming months as the strategy is developed.