The Honorable Shane Jones discusses the New Zealand government’s pro-mining strategy. Topics covered include: the case for revitalizing the resources sector, legal reforms to stimulate investment and New Zealand’s commodities.
Paul Sanger: Hi. My call is Paul Sanger from Finance News Network and I’m speaking with the Honorable Shane Jones. Minister Jones holds several key positions in the New Zealand Government, including Minister of Oceans and Fisheries, Minister of Regional Development, Minister of Resources, Associate Minister of Finance and Associate Minister of Energy.
Minister Jones began his parliamentary career in the Labour Party in 2005 and joined New Zealand First as an MP in 2017. He studied at St Stephens and graduated from universities in Wellington, Western Australia and Harvard. His long career includes leadership roles in business and the public sector, such as Chairman of Sealord and New Zealand’s first Pacific Economic Ambassador.
Welcome to the network, Minister.
Shane Jones: Hello, greetings. It’s a pleasure to be back in Western Australia, where I was 40 years ago.
Paul Sanger: There you have it. So let’s get straight to the point, Minister. You recently announced a proposed mining and minerals strategy for New Zealand. Could you begin by outlining the key issues of this proposed policy and its potential impact on resource companies?
Shane Jones: Yes. Since the formation of our government last October and November, we have focused on minerals as a key factor, not only for the country’s resilience, but also in reaction to greater geopolitical uncertainties and, of course, as a means to boost our regional progress and our exports. Profits. As you probably know, New Zealand doesn’t have a monumental footprint like Australia with its mining, so we have to do a lot of things very well. This includes agriculture, dairy, forestry, fishing, horticulture, wine making, and we have allowed mining, in fact for most of my adult life, to become an orphan child. So the strategy you’re referring to, a pro-mining strategy, a thorough investigation of the rare and critical terrestrial minerals we have in our landscape, we’re probably one or two behind you Australians, though, honestly Array and have encouraged us through the geological paintings being made through the personal sector, that there are a multitude of opportunities that will adorn our ability to not only benefit, but also provide a contribution to the minerals of little terrestrial origin lines frequent worldwide.
Paul Sanger: So the draft strategy indicates the government’s interest in encouraging further expansion in the mining and resources sector. How much expansion does the government foresee for New Zealand?
Shane Jones: Well, like many other Western countries, New Zealand has been hit by a cultural exchange crisis related to the mining war. And as we look for tactics to finance and advance the path to decarbonization, we, as a new government, have taken a step back and said: “Indeed, one of the obstacles facing investors, both foreign and domestic, is the statutory approval process. “And our government has presented to Parliament, which is expected to be followed until the end of this year, a package of statutory reforms, which will constitute a single window for investors to download the mandatory projects for the progression of resources. . , infrastructure projects, marine agriculture projects, anything that is of great importance to increase the productivity, even the resilience of a region.
This is a big change in terms of the political economy of New Zealand, and it is vital that, to increase the scale and volume of our export revenues, we want to simplify the regulatory framework, and that is happening to have a dramatic impact. effect on the mining sector. This does not mean that the mining sector will be responsible for a less desirable set of outcomes, but it does provide certainty and clarity, something I am sure you know as well as I do when there are processes and demands that are transmitted over and over again. Stagnant, investment, which is now a competitive game, dries up and goes elsewhere.
Paul Sanger: Yes, and it’s a global challenge right now, Minister, when it comes to resources, so I hear it loud and clear. Now let’s talk about what express products the government needs to advertise through this strategy, and what they are. The reasons for these choices?
Shane Jones: Well, one of the most vital resources we have is the iron sands of New Zealand. They are found on land or in the ocean. An investor organization is bidding to mine iron sands from the ocean off the west coast of our North Island. And among those resources, we have a rare terrestrial mineral called vanadium. And right now, we already have a physically powerful iron sands sector. We already have coking coal, which is of very high quality. We have a lot of gold mines. And along with this, more and more people are exploring and trading rare terrestrial minerals, adding antinomy. Now, we have, as you do, but for us, a much smaller amount of lithium and titanium, and that is why we have asked Woodside (ASX: WDS) to adopt our research into where those minerals are, what the accessibility and what adjustments we would possibly want to make to our policy to accelerate the delivery of this diversity of minerals.
Paul Sanger: And, Mr. Minister, to conclude, to what extent is the current government promoting new mining projects and developments?
Shane Jones: Our government has set out on the right path with wonderful enthusiasm and vigour. We are 3 parties, and the party I belong to is the New Zealand First Party, which needs to build the country’s resilience by using more of our own resources and restricting dependence on imported resources, because right now in New Zealand we have a major challenge . around how much herbal fuel we can extract from underground and maintain enough momentum with investors to continue exploring and commercializing this herbal fuel. And, due to falling fuel supply points, we are now marginally dependent on Indonesian coal. So we are learning to be much more pragmatic, because all governments need to not only pursue economic growth, but also an affordable and reliable energy source. Therefore, no one deserves to doubt the enthusiasm or even the long-term commitment of the current government, specifically this minister, when it comes to expanding our footprint, but also ensuring that the mining sector plays a more wonderful role in strengthening our ability to contribute. specifically for our geopolitical alliance partners.
Paul Sanger: Minister, it’s been absolutely exciting to talk to you today, and I appreciate that you’re taking the time to share your thoughts. Thanks a lot.
Shane Jones: Thanks, man. To have a good time.
Ends
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