In March 2010, the Government released a discussion document outlining potential to unlock some of New Zealand's mineral wealth following a stocktake of Schedule 4. Schedule 4 restricts mineral-related activity in specified public conservation areas. Submissions closed on 26 May 2010.
The four main conclusions reached from the stocktake are:
The discussion paper is available for download from the Ministry of Economic Development website.
Pike River is encouraged that the Government recognises that new mining on Crown land has the potential to boost economic growth and create jobs without adversely affecting the environment. We believe that mining operators will respect the need for balance between recognizing the high economic worth of the natural resources industry and protecting New Zealand's strong environmental values.
Download the Pike River submission (1.5mb)
Pike River encouraged its investors to participate in the debate around the New Zealand Government's proposal.
Download the letter mailed to investors:

