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Can funding or support under the Minerals Strategy be used for marine mineral extraction projects?

Answered Question 6182 (2026)
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Asked by

Debbie Ngarewa-Packer

Member for Te Tai Hauāuru · Te Pāti Māori

Question

  • Can funding or support under the Minerals Strategy be used for marine mineral extraction projects?

Answered by

Hon Shane Jones

List MP · NZ First · Minister for Resources

Answer

There is no funding available under the Resources portfolio for marine mineral extraction projects under the Minerals Strategy for New Zealand to 2040. The Government has ring-fenced $80 million in the Regional Infrastructure Fund (RIF) for critical minerals projects. Projects must meet the existing criteria for RIF funding to be eligible.