New Regime for Crown Minerals
Crown Minerals (Permitting and Crown Land) Bill 2012
At the beginning of September the Exclusive Economic Zone and Continental Shelf (Environmental Effects) Bill passed into law, setting up a regime for environmental protection of the EEZ in relation to certain activities including petroleum and mineral exploration and extraction. The next step in the furtherance of the Government's Business Growth Agenda and Petroleum Action Plan to unlock the country's petroleum and minerals assets comes in the form of the Crown Minerals (Permitting and Crown Land) Bill 2012, which received its first reading last month. The Bill amends the Crown Minerals Act 1991 (CRA), and makes related amendments to other Acts.
