Articles tagged with Crown Minerals Act
Renewed Oil and Gas Prospecting in Canterbury Basin Boosts NZ Energy Outlook
1 month ago | 440 viewsA new prospecting permit application by CBX Energy Limited in the offshore Canterbury Basin reflects renewed confidence in New Zealand’s oil and gas sector, aiming to conduct technical and economic studies for basin development. The Canterbury Basin is a promising but underexplored area with potential hydrocarbons, offering opportunities to enhance domestic energy resources and economic growth. New Zealand Petroleum & Minerals is accepting competing applications until June 24, prioritizing them under the Minerals Programme for Petroleum 2025, with decisions expected later this year.
Tags: Canterbury Basin New Zealand Shane Jones CBX Energy Limited NZP&M petroleum prospecting permit offshore exploration oil and gas Crown Minerals Act 1991 Minerals Programme for Petroleum 2025Kermadec Arc Mineral Reservation Extended Two Years to Protect Marine Ecosystems
4 months ago | 603 viewsThe Kermadec Arc north of New Zealand will remain under a two-year reservation, continuing restrictions on mineral permitting to protect its unique marine ecosystems and potential critical mineral deposits. Established under the Crown Minerals Act 1991, the reservation covers 412,690 km² and aims to support informed, strategic management aligned with New Zealand’s Minerals Strategy to 2040. The extension, effective from January 2026 to January 2028, allows time for improved research and data collection before future decisions on mineral development are made.
Tags: Kermadec Arc New Zealand Shane Jones mineral permitting Crown Minerals Act Kermadec Ridge copper zinc gold Minerals Strategy 2040