The economic contribution of mining generally is consistently overplayed.
25 May 2026From the Post this week.
The benefits of mining in New Zealand have been consistently overstated, a mining symposium has heard, and the industry wouldn’t provide an economic panacea for the country.
“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.”
You can read the full article here (paywalled): https://www.thepost.co.nz/nz-news/361008071/golden-age-or-golden-goose-mining-claims-challenged?fbclid=IwY2xjawSA5VpleHRuA2FlbQIxMABicmlkETEyb05NRnFicWNXaEhZUGhKc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHlY8Y9NeM4rjpeZ-W9-ve71q05cxZ59ggHLSoAwaoPocSFDnAJdpRVam56oj_aem_W6pWLDyxFkHhPh917Bu-vA