Kermadec mineral reservation extended
The existing mineral reservation over the Kermadec and Colville Arcs will be extended until 2017.
Under section 28A of the Crown Minerals Act 1991 and section 5AA of the Continental Shelf Act 1964, the Minister of Energy and Resources declares that permits for minerals, other than petroleum, will not be granted or extended in relation to the seabed or subsoil of the continental shelf (the ‘land’) specified in the Schedule of Reserve Area below.
This declaration takes effect from 5 July 2015 to 4 July 2017.
As per section 28(4) of the Crown Minerals Act, this declaration does not affect any:
(a) permit applications received before this declaration was published; or
(b) permit granted before this declaration was published; or
(c) right, under section 32, of the permit holder described in paragraph (b) to be granted a subsequent permit.
This declaration is considered necessary to better meet the purpose of the Crown Minerals Act 1991.