Now is a critical time (zoom in for more detailed information about Coromandel permits)
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- The current National Government thinks mining can be a source of revenue to help balance the books in this tough global economic environment.
- Gold prices are still extremely high, attracting risk-tolerant investors looking for quick returns.
- New Zealand is very attractive to overseas mining companies as NZ’s mining royalties are still pitifully low, and its tax structure favours mining investment.
- There is currently over 80,000 hectares of prospecting, exploration and mining permits on the Coromandel, all of which were issued without any community consultation.