1APurpose
The purpose of this Act is to promote prospecting for, exploration for, and mining of Crown owned minerals for the benefit of New Zealand.
To this end, this Act provides for—
- the efficient allocation of rights to prospect for, explore for, and mine Crown owned minerals; and
- the effective management and regulation of the exercise of those rights; and
- the carrying out, in accordance with good industry practice, of activities in respect of those rights; and
- a fair financial return to the Crown for its minerals.


