Articles tagged with Jones

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$15M Regional Fund Boosts Aspiring Materials' Green Hydrogen & Critical Minerals Plant

The Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale facility in Southland that produces green hydrogen and critical minerals using patented technology. This government-supported project aims to boost economic development, reduce emissions in sectors where electrification is challenging, and strengthen New Zealand’s energy sector through innovation and advanced manufacturing. The funding, part of an $80 million allocation for critical minerals, highlights the government's commitment to diverse energy solutions and regional growth.

Government Invests $15M in Southland Facility for Green Hydrogen and Critical Minerals

The Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale plant in Southland that produces green hydrogen and extracts critical minerals from quarry waste using patented technology. This government-backed initiative aims to boost economic development, support energy innovation, and position New Zealand’s regions to capitalize on emerging industrial opportunities, particularly in sectors where hydrogen can reduce emissions. The funding, part of an $80 million allocation for critical minerals projects, aligns with the Hydrogen Action Plan to diversify energy solutions and enhance economic resilience.

Chatham Islands Boost Connectivity with $15.5M Wharf, Fuel & Air Upgrades

The New Zealand government is investing over $15 million from the Regional Infrastructure Fund to upgrade critical wharf and fuel infrastructure on the Chatham Islands and expand air travel connectivity through an interlining agreement between Air Chathams and Air New Zealand. These improvements include major wharf repairs, upgraded fuel facilities to support a new supply vessel, and enhanced airport infrastructure, culminating in the new terminal at Inia William Tuuta Memorial Airport as part of a broader $45 million investment since 2018. These projects aim to strengthen the islands’ economic sustainability, improve transportation reliability, and support essential services such as healthcare, tourism, and business growth.

Fast-Track Approval Boosts Hananui Aquaculture Project and NZ Economy

The Hananui Aquaculture Project off Stewart Island, the first aquaculture venture approved through New Zealand's Fast-track process, is expected to produce 14,400 tonnes of salmon annually, generating over $310 million in sales and creating up to 480 jobs. This approval aligns with government efforts to support Māori commercial aquaculture and aims to boost the sector towards a $3 billion annual revenue target by 2035 through large-scale open-ocean farming. The Fast-track process, which has approved 31 projects so far, accelerates development timelines, supporting regional growth, job creation, and New Zealand’s leadership in sustainable seafood production.

Canterbury's Haldon Solar Farm First in NZ to Get Fast-Track Approval

The Haldon Solar Farm in Canterbury is New Zealand’s first solar project to receive fast-track approval, marking the 29th overall and 7th renewable energy project approved under this expedited process. Expected to generate 370 GWh annually, it will power approximately 45,000 homes and contribute significantly to the country’s renewable capacity, supporting regional economic growth and energy security. The fast-track system aims to accelerate investment in sustainable energy, with 29 projects approved, 18 expert panels appointed, and 60 projects currently progressing, reflecting the government’s commitment to abundant, affordable, and reliable power.

Independent Review Finds New Zealand's Minerals Royalty Regime Transparent and Competitive

An independent Deloitte review found New Zealand's minerals royalty regime transparent and comparable to similar countries, with most royalty revenue derived from legacy permits predating the 2013 framework. The report highlights the trade-offs between Crown returns, investment certainty, and sector stability, emphasizing the importance of fair returns amid emerging critical minerals opportunities. Policy work will continue with further advice in 2027, while decisions on changes will be made in the next government term.

Proposed Rock Lobster Fishing Rules for Aotea-Great Barrier: Have Your Say

Oceans and Fisheries Minister Shane Jones is seeking public feedback on proposals to manage rock lobster fishing around Aotea-Great Barrier Island, aiming to ensure long-term sustainability as requested by local boards and iwi trusts. Proposed measures include establishing recreational-only zones, reducing daily catch limits, introducing closed seasons during breeding, setting maximum legal sizes, and limiting accumulation of catch to protect lobster populations. These efforts, supported by community groups and Fisheries New Zealand, are part of broader protections to rebuild lobster stocks and address local concerns, with consultation open until 4 September 2026.

Auckland Downtown Carpark Redevelopment Approved for Fast-Track Skyscraper Project

Auckland’s Downtown Carpark redevelopment, approved through the Fast-track process, will transform the site into a mixed-use precinct featuring two skyscrapers, podium buildings, retail spaces, and a new laneway network, with measures in place to manage construction traffic impacts. This project, the 28th Fast-track approval, is expected to boost local economic and employment opportunities, supported by a partnership between Precinct Properties and Ngāti Whātua Ōrākei. The Fast-track process continues to facilitate numerous infrastructure, housing, and renewable energy projects across New Zealand, streamlining approvals with expert panels and targeted consent conditions.

Hauraki Gulf Shellfish Harvest Ban Extended for Two More Years to Protect Fisheries

A two-year extension has been granted for shellfish harvesting bans at Umupuia Beach, Te Mātā and Waipatukahu, and Waiheke Island in the Hauraki Gulf, requested by local iwi groups to help replenish marine resources. These closures support the Pou Rāhui Research Project, which combines mātauranga Māori and scientific methods to restore important species and train whānau in sustainable practices. The bans, effective from August 7, 2026, cover specific shellfish species and areas, aiming to ensure long-term sustainability and kaitiakitanga of customary fisheries.

New Zealand Launches Gas Transition Loan Guarantee Scheme to Support Businesses

The Gas Transition Loan Guarantee Scheme, launched by the New Zealand government, aims to help businesses reduce reliance on gas by providing loan guarantees covering 80% of default risk, enabling banks to offer better lending terms and unlock up to $1.2 billion in financing. This initiative supports regional industries facing high gas prices and supply uncertainty by promoting energy efficiency and alternative energy investments to maintain competitiveness and protect jobs. Additionally, the Energy Efficiency and Conservation Authority offers independent support to help businesses assess energy options and plan practical transitions.

Fast-Track Approval Granted for SH1 Belfast to Pegasus Motorway and Woodend Bypass

The State Highway 1 Belfast to Pegasus Motorway and Woodend Bypass project has received Fast-track approval, marking it as the 27th project approved through this process and the second roading project to do so. The 11 km expansion aims to improve safety, reduce congestion, support economic development, and unlock housing growth in North Canterbury, with traffic expected to increase significantly by 2048. The expert panel determined that environmental impacts can be managed through consent conditions, and the project supports the region’s rapid residential and commercial growth.

New Offshore Petroleum Exploration Permit Granted in Taranaki Basin, NZ

New Zealand has granted its first new offshore petroleum exploration permit since reversing the ban, awarding Australian company EnZed Energy a 12-year permit for a 546 sq km area east of the Kupe gas field in the Taranaki Basin. This move signals renewed investor confidence and aims to address declining natural gas reserves, which have dropped 23% to the lowest level in over two decades, emphasizing the importance of exploration for future energy security. The government highlights that natural gas remains crucial for electricity generation and industry, and exploration is essential to assess New Zealand’s remaining resource potential.

Permanent Fishing Ban and New Limits to Protect Endangered Hoiho from Bycatch

Long-term protections to reduce fishing risks to the endangered northern hoiho population will become permanent from 16 September 2026, including a ban on set-net fishing around the Otago Peninsula. A new Fishing Related Mortality Limit (FRML) framework, setting an annual bycatch limit of four hoiho, will enable swift action if limits are exceeded, aiming to halve hoiho deaths from fisheries bycatch. While fisheries bycatch is not the primary threat, with disease, predation, and starvation being greater risks, these measures will contribute to stabilizing the population.

New Zealand Minerals Strategy Year One: Boosting Growth, Jobs, and Exports

One year after launching A Minerals Strategy for New Zealand to 2040, the government has made significant progress by implementing policies and reforms that have increased mineral exports, production, employment, and permitting activity. Key achievements include establishing a Critical Minerals List, enhancing global partnerships, improving geoscience data access, and creating a more efficient regulatory framework, which have boosted investor confidence and sector growth. Moving forward, the focus will be on expanding international partnerships, attracting investment, reviewing royalty settings, and maximizing value from critical minerals through processing, refining, and innovation to sustain long-term economic benefits.

John Rae Reappointed Chair of Crown Regional Holdings Board for Three Years

John Rae has been reappointed Chair of the Crown Regional Holdings Limited Board for three more years due to his extensive legal, financial, and governance expertise. Crown Regional Holdings manages significant government investments aimed at supporting regional economic development across New Zealand, with a diverse portfolio spanning eight regional funds, 13 regions, and 19 industry sectors. As of the 2025 financial year, CRHL oversees 201 active contracts totaling $1,085 million in loans, equity, and capital assets, reflecting the government’s commitment to regional growth.