New Zealand
Crown Minerals Amendment Act 2019 and Crown Minerals (Decommissioning and Other Matters) Amendment Act 2021
Legislative
Act
Passed in 2019
The 2021 Act adds obligations to current and future petroleum exploration and mining permit holders and mining license holders. These must meet the full financial costs of decommissioning activities, for which timeframes are also agreed. The document also 1) defines new record and reporting requirements, 2) defines new pecuniary and criminal sanctions for not decommissioning, and 3) sets rules on financial securities.
Documents
from the Grantham Research Institute
from the Grantham Research Institute
