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 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 has a table that shows different types of minerals, like gold and coal, and some numbers that are important for exploration and mining permits. You can see that the table has columns for exploration permits and mining permits. The exploration permit column shows an estimated total work programme expenditure threshold amount of $1,250,000 for all the minerals listed. The mining permit columns show estimated annual royalty threshold amounts and estimated annual production threshold amounts, which are different for each type of mineral. Some words in the schedule have special meanings, like "metallic mineral" and "platinum group metals". A metallic mineral does not include gold, silver, ironsand, or platinum group metals. Platinum group metals are a group of specific metals, including iridium, osmium, palladium, platinum, rhodium, and ruthenium, as defined in the schedule, which is empowered by s 2B of the Crown Minerals Act 1991.

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

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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.