Articles tagged with Minerals
New Offshore Petroleum Exploration Permit Granted in Taranaki Basin, NZ
5 days ago | 143 viewsNew 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.
Tags: Shane Jones EnZed Energy New Zealand Petroleum and Minerals Kupe gas field Taranaki Basin Kaheru prospect Coalition Government petroleum exploration natural gas energy securityNew Zealand Minerals Strategy Year One: Boosting Growth, Jobs, and Exports
1 week ago | 177 viewsOne 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.
Tags: Shane Jones Minerals Strategy New Zealand Critical Minerals Mineral Exports Resources Minister Minerals Sector Petroleum and Minerals Regional Infrastructure Fund Resource Management ReformsNew Petroleum Exploration Permit Application Invites Investment in NZ Offshore Basin
2 weeks ago | 240 viewsResources Minister Shane Jones has welcomed Sunda Energy's new petroleum exploration permit application in the offshore northern Taranaki Basin, marking the sixth such application since the government lifted the offshore oil and gas exploration ban. Sunda Energy, having entered the New Zealand market through acquiring Matahio Energy’s assets, seeks to conduct geological and seismic studies over a 645 sq km area with known potential, aiming to evaluate drilling targets. The competitive application process, open until October 14, 2026, reflects growing investor interest that could enhance New Zealand’s energy security, create jobs, and boost economic resilience.
Tags: Shane Jones Sunda Energy New Zealand Petroleum and Minerals Matahio Energy Taranaki Basin Cheal Sidewinder Puka Awakino Crown Minerals ActRenewed Petroleum Exploration in Taranaki Basin as NZ Lifts Ban
3 weeks ago | 305 viewsNew Zealand has received its fifth petroleum permit application since lifting the exploration ban, with Taranaki Energy Pty Ltd applying to prospect in deepwater offshore Taranaki, an underexplored but highly prospective area. The proposed two-year work program involves seismic data reprocessing, basin modeling, and target identification to guide future investments, reflecting renewed momentum and growing confidence in the sector. The government’s open market regime allows continuous competitive applications, which will be assessed based on technical, financial, and compliance criteria to support energy security and economic resilience.
Tags: Shane Jones Taranaki Basin New Zealand Petroleum and Minerals Taranaki Energy Pancontinental Energy petroleum exploration exploration ban Minerals Programme for Petroleum 2025 Crown Minerals Act 1991 deepwater offshore TaranakiGovernment Funds $50M for West Coast Critical Minerals Processing Projects
4 weeks ago | 291 viewsThe New Zealand Government is funding two critical minerals processing projects on the West Coast through the Regional Infrastructure Fund, allocating up to $50 million to Tāiko Critical Minerals and Westland Mineral Sands. These projects aim to add value to exported minerals like titanium, zirconium, and rare earths by establishing domestic processing facilities, creating skilled jobs, and strengthening regional and national economies. The investments support long-term economic activity and contribute to a secure, diversified critical minerals supply chain essential for modern technologies and clean energy systems.
Tags: Shane Jones Tāiko Critical Minerals Westland Mineral Sands Regional Infrastructure Fund critical minerals New Zealand mineral processing titanium zirconium monaziteNew Petroleum Exploration Permit Application Sparks Confidence in New Zealand Energy Sector
2 months ago | 521 viewsThe fourth petroleum exploration permit application since the lifting of the exploration ban has entered New Zealand's open market competitive process, signaling renewed investor confidence in the sector. The application, submitted by a joint venture led by East Coast Energy Ventures Limited, aims to explore onshore and offshore areas in Waikato, with a staged work program starting with seismic data reprocessing. Resources Minister Shane Jones emphasizes that responsible new exploration is vital for maintaining energy security as existing gas fields mature and production declines, despite ongoing investments in renewables.
Tags: Shane Jones East Coast Energy Ventures Limited Monumental Energy Corp NZ Limited 3TCF Limited New Zealand Energy Corp New Zealand Petroleum & Minerals NZP&M New Zealand Kāwhia Harbour TSX Venture ExchangeRenewed Oil and Gas Prospecting in Canterbury Basin Boosts NZ Energy Outlook
4 months ago | 908 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 2025New Zealand Joins Global Effort to Secure Critical Minerals for Energy Future
5 months ago | 871 viewsNew Zealand has joined 32 member countries at the 2026 International Energy Agency Ministerial meeting in endorsing a Declaration to strengthen global cooperation on critical minerals essential for the clean energy transition and long-term energy security. The Declaration directs the IEA to enhance data collection, market monitoring, emergency preparedness, and innovation in recycling and recovery, while New Zealand aims to leverage its mineral resources and strong environmental standards to become a reliable supplier in global critical mineral supply chains. Resources Minister Shane Jones emphasized that responsible development of these minerals will boost economic resilience, create skilled jobs, and strengthen international partnerships.
Tags: New Zealand Simon Watts Shane Jones International Energy Agency critical minerals energy security clean energy transition lithium rare earth elements vanadiumNew Zealand Invests $80M in Critical Minerals to Boost Regional Growth and Jobs
5 months ago | 783 viewsThe New Zealand Government has allocated $80 million from the Regional Infrastructure Fund to develop and process domestic critical minerals, aiming to boost jobs, investment, and regional economic recovery. Critical minerals are vital for modern technologies and global supply chains, and New Zealand seeks to position itself as a reliable source while fostering advanced processing and international partnerships. The funding supports projects aligned with the Minerals Strategy, with applications accepted and successful initiatives to be announced after evaluation.
Tags: Winston Peters Shane Jones Regional Infrastructure Fund Critical Minerals Minerals Strategy New Zealand Government Regional Development Economic Recovery Supply Chain Rare EarthsRecord Mineral Permit Applications Boost New Zealand’s Gold Mining and Exploration in 2025
5 months ago | 877 viewsNew Zealand’s mineral exploration and mining sector is experiencing strong growth, with record permit applications and approvals in 2025, particularly for gold projects concentrated in the South Island’s West Coast. The diverse mix of prospecting, exploration, and mining permits, along with the conversion of small-scale permits to a more suitable regulatory class, indicates healthy progression and increased confidence in the sector. This momentum, driven by multiple mid-sized projects and active permit management, supports regional economic growth, job creation, and New Zealand’s broader resource development strategy.
Tags: New Zealand Shane Jones mining exploration mineral permits gold West Coast New Zealand Petroleum and Minerals regional economic growth mining projectsKermadec Arc Mineral Reservation Extended Two Years to Protect Marine Ecosystems
7 months ago | 963 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 2040New Zealand Joins Global Minerals Security Partnership to Boost Critical Minerals Sector
8 months ago | 831 viewsNew Zealand has joined the international Minerals Security Partnership (MSP) to attract investment and support its Minerals Strategy, which aims to double mineral export value by 2035 and enhance sustainable global supply chains. The partnership aligns with New Zealand’s strengths in critical minerals essential for modern technologies and will help create high-paying jobs while strengthening international relationships. Several countries have benefited from MSP membership through financing commitments, and New Zealand expects similar opportunities to develop its critical minerals sector.
Tags: New Zealand Minerals Security Partnership Shane Jones Winston Peters critical minerals Minerals Strategy renewable energy international supply chains clean energy technologies minerals exportsNew Zealand's Gold Mining Boom: Economic Opportunities and Prosperity on the Horizon
9 months ago | 850 viewsNew Zealand's Resources Minister Shane Jones highlights the country's potential gains from the global interest in gold and minerals, emphasizing the economic opportunities presented by a significant gold discovery in Central Otago. The mining permit granted to Matakanui Gold Limited for the Rise and Shine prospect is expected to create jobs, boost local economies, and generate substantial revenues for the government through royalties and taxes. The government's commitment to utilizing mineral resources for regional development, job creation, and economic prosperity is underscored by the fast-track approval process for mining projects like Bendigo-Ophir and the financing of the Snowy River Gold Mine development by Endura Mining.
Tags: Shane Jones New Zealand gold minerals mining permit Matakanui Gold Limited Santana Minerals Central Otago Endura MiningNew Zealand Petroleum Exploration Permits Open in September: Crown Minerals Amendment Bill Impact
1 year ago | 1698 viewsThe Crown Minerals Amendment Bill, following its third reading, will allow operators to apply for new petroleum exploration permits starting in September. The Bill removes the ban on oil and gas exploration beyond onshore Taranaki, introduces a new tier of permit for small-scale non-commercial gold mining, and aims to boost investment in Crown-owned minerals. Changes in liability for decommissioning costs and the need for clarity in regulatory burden and risk are also addressed in the Bill to enhance investor confidence and energy security.
Tags: Shane Jones petroleum exploration permits Crown Minerals Amendment Bill oil and gas exploration energy security natural gas decommissioning investment liability