Expansion of Crown Minerals sees bright future

20 September 2010

Press release for immediate use

Expansion of Crown Minerals Group recognises bright future for resource sector - Straterra

Government plans to strengthen the management of Crown minerals recognise the growing importance of resources to the New Zealand economy, says Straterra.

Energy and Resources Minister Gerry Brownlee announced today the Crown Minerals Group within in the Ministry of Economic Development will develop a “much more commercial and strategic approach”. The Minister was speaking at the New Zealand Petroleum Conference in Auckland.

Straterra CEO Chris Baker said today hiring more skilled staff into Crown Minerals would greatly benefit the petroleum industry, and the resource sector as a whole.

"It’s really important for industry and investment that government processes are efficient and effective, and these changes clearly reflect the Government’s understanding of these issues."

“The resource sector currently employs directly around 6800 New Zealanders, and the flow on effects of this activity create a further 8000 jobs. So, petroleum, coal, minerals and aggregates make a significant contribution to the economy. Properly encouraged, the sector could triple. The improvements to Crown Minerals are therefore an important step.”

“The concept of an advisory board for the unit is also very important. This is a good way of sharing information between the Government and industry so that Crown minerals are managed in the way the legislation intended.”

“In promoting New Zealand’s economic prosperity, the resource sector will continue to pursue environmental responsibility.”

ENDS

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