New Zealand accelerates licensing approval to attract mining investment
According to the Mining. com website, after the New Zealand Prime Minister election at the end of 2023, the new government will accelerate the approval of infrastructure and mining projects, reducing the permit period from 2 years to 6 months.
This move will stimulate a new round of gold mining fever in New Zealand. In history, the country produced 40 million ounces of gold, which was hotter than California. With gold prices reaching historic highs, explorers have seen New Zealand as the next modern mining target country in the world, with particularly high gold grades.
The accelerated approval bill was implemented in March, providing convenience for the rapid construction of infrastructure required for resource development projects. New Zealand's Minister of Resources, Shane Jones, pointed out that New Zealand has abundant mineral resources, distributed from south to north, and is a "source of wealth". This regulation will greatly promote mining development, and New Zealand welcomes corporate investment.
According to reports, a major discovery has recently been made in the Bendigo gold field in central Otago Province, with a total of 2.9 million ounces of gold resources in four deposits, valued at $9.5 billion.
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