Summarised by Centrist
New Zealand is re-emerging as an attractive destination for mining investment, driven by a new government keen to support the sector and the country’s rich mineral resources.
The Fraser Institute’s Annual Survey of Mining Companies ranks New Zealand as the 12th most attractive mining jurisdiction worldwide, ahead of traditional powerhouses like Western Australia.
Key improvements include clearer regulations and faster permitting processes through new ‘Fast Track’ legislation, which simplifies approvals via a one-stop shop for mining permits.
New Zealand hosts significant gold deposits, such as the 8 million-ounce Macraes mine in the South Island and a 10 million-ounce endowment in the North Island.
Mining veteran Norm Seckold noted the opportunity in modern exploration techniques to extend known mines deeper and uncover larger deposits. His company’s flagship project, Waitekauri, lies near established gold mines and has shown promising high-grade gold samples.
Other players active in New Zealand include New Age Exploration and Siren Gold, both advancing sizeable gold projects in the South Island. Santana Minerals recently extended resources at its Rise and Shine deposit, boosting the country’s growing gold potential.
The government aims to double mining exports to $3 billion by 2035, a target supported by improved business sentiment and streamlined regulations.
