Crown Minerals Act 1991

Miscellaneous provisions

Schedule 5: Thresholds for Tier 1 and Tier 2 activities

You could also call this:

"Rules for Exploring and Mining Minerals in New Zealand"

Illustration for Crown Minerals Act 1991

You are looking at a schedule called Thresholds for Tier 1 and Tier 2 activities. This is part of the Crown Minerals Act 1991, which is a law in New Zealand. The schedule is about the rules for exploring and mining different types of minerals. You can see a table that lists different types of minerals, like gold, silver, and coal. The table shows the estimated costs and amounts of minerals that are allowed for exploration and mining permits. For example, if you want to explore for gold, you need to spend at least $1,250,000. If you want to mine gold, you need to pay a royalty of at least $50,000 per year. Some words in the schedule have special meanings. A metallic mineral is a type of mineral that does not include gold, silver, ironsand, or platinum group metals. Platinum group metals are a group of special metals that include iridium, osmium, palladium, platinum, rhodium, and ruthenium. This schedule is empowered by s 2B of the Crown Minerals Act 1991.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5239546.


Previous

Schedule 4: Land to which access restrictions apply, or

"Places in New Zealand where you can't go without permission"


5Thresholds for Tier 1 and Tier 2 activities Empowered by s 2B

The following table is small in size and has four columns. Column 1 is headed Mineral type. Column 2 is headed Exploration permit. Columns 3 and 4 are grouped under the heading Mining permit. Column 3 is headed Estimated annual royalty threshold amount. Column 4 is headed Estimated annual production threshold amount.
Mineral type Exploration permit Mining permit
Estimated total work programme expenditure threshold amount Estimated annual royalty threshold amount Estimated annual production threshold amount
Gold $1,250,000 $50,000
Silver $1,250,000 $50,000
Coal $1,250,000 200 000 tonnes
Ironsand $1,250,000 500 000 tonnes
Metallic mineral $1,250,000 500 000 tonnes of ore
Platinum group metals $1,250,000 $50,000

In this schedule,—

metallic mineral does not include gold, silver, ironsand, or platinum group metals

    platinum group metals means iridium, osmium, palladium, platinum, rhodium, and ruthenium.