Mining, under the current regime, will not contribute significantly to the national economy,” Massey University geography professor Glenn Banks said during a discussion on critical minerals and the role of mining in New Zealand, at Victoria University on Wednesday.
Banks said New Zealand’s low mineral royalties regime; mining companies being foreign owned; volatile company tax payments; fluctuation of mineral prices; and lack of a supporting infrastructure meaning many things had to be imported, all undermined assertions of mining’s benefits.
“The economic contribution of mining generally is consistently overplayed.”
Read full article: https://www.thepost.co.nz/nz-news/361008071/golden-age-or-golden-goose-mining-claims-challenged?fbclid=IwY2xjawR_pYlleHRuA2FlbQIxMABicmlkETFTY0dQTXVGVzlKSDUwZXhvc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHgHpsmTybQ3Lwi3VAcUpt_bBVxF5g630pF-2N9DGFVZrO37ryLoIl8jQ-2Fj_aem_AKgPBhUKrJ45_82DJbG6oA
