New royalty rates
Royalty rates for minerals listed in Schedule 2 of the Crown Minerals (Royalties for Minerals Other than Petroleum) Regulations 2013 have been updated.
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Focus on resolving outstanding minerals permit applications
New Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business.
Minerals permitting improvement programme
We are implementing an ongoing improvements programme for our minerals permitting systems and processes to ensure we are an effective, consistent, and timely regulator.
Annual summary reports are now overdue
Annual summary reports (ASRs) were due on 2 April 2024.
As of 8 April 2024 we have received 715 of the 848 ASRs due. 82% of these were submitted through the online permitting system (OPS). Thank you for filing your reports online and on time.
Regulator’s Update – March 2024
In this issue: Snapshot of minerals permit applications, new specific royalty rates, minerals permitting improvement programme underway, reminder for annual summary reports, tier 1 permit holders and iwi engagement reports, Block Offer 2020 results.
Snapshot of minerals permit applications in 2023
This snapshot provides insights into the amount of minerals permit applications we received and made decisions on in 2023.
Snapshot of minerals permit applications – October to end of December
This snapshot provides insights into how many minerals permit applications were received and how many decisions were made between 1 October and 31 December 2023.
One onshore petroleum exploration permit granted
One onshore petroleum exploration permit has today been granted through the Block Offer 2020 competitive tender process.
Annual summary reports – due date approaching
Permit holders have until Tuesday 2 April 2024 to submit their 2023 period annual summary reports (ASRs) to New Zealand Petroleum and Minerals (NZP&M).
New specific royalty rates
To maintain the value of the return to the Crown from the extraction of Crown owned minerals, royalty rates listed in the Minerals Programme for Minerals (excluding Petroleum) 2008 have been increased.