Highlights
Siren Managing Director and CEO, Victor Rajasooriar commented:
“The team has worked diligently to have applied for both the Reefton and Sams Creek projects to be considered and included as a ‘listed project’ in the Fast-Track Approvals Bill. The Reefton project has the potential to grow into a significant gold and antimony operation and put Reefton on the global map as a producer of antimony, which is geopolitically significant as a critical mineral.
“Furthermore, the Sams Creek project with its large endowment of gold has the potential to add significant revenue and employment opportunities for the Country. We look forward to working with the government and local stakeholders to advance both projects to fruition”.
Fast Track Approval Process
After being introduced to the New Zealand Parliament on 7 March 2024, the Bill is now being considered by the Environment Select Committee, which will provide recommendations to the House.
The Government has now established a process to identify listed projects for inclusion in the Bill. This involvesagroupofindependentexperts-theFast-TrackProjectsAdvisoryGroup (the Advisory Group), who will be assessing and making recommendations to Ministers on which projects to include in the Bill.
The Company has nominated both the Reefton Project and the Sams Creek Project to be considered and included as a “listed project” in the Bill.
The Advisory Group will undertake an assessment of the projects against the referral criteria in the Bill. It will be supported by a group of officials from the Ministry of Business Innovation and Employment (MBIE) and the Ministry for the Environment (MfE).
The Advisory Group will then make its recommendations to the Joint Ministers who will make decisions on what projects to include in the Bill. These projects will be added to the Bill, either through the Select Committee process or later in the Parliamentary process.
Leave a Reply