Minerals royalties fall 40% as Govt orders review

Coal declines as gold rises. (Image: NZME)

Tue, 25 Nov 2025

The Government has issued a tender for a review of the royalty regime for minerals, just as new data shows a collapse in royalty revenue due to the decline in gas supply.The review will assess whether current royalty settings deliver a fair financial return to the Crown and explore alternative approaches to ensure the regime remains fit for purpose. An earlier review found the levels of royalties were below similar jurisdictions.The review explicitly excludes petroleum (oil and gas), which is governed by a separate royalty regime.Gas slumpGover...

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