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New Zealand PM emphasizes the importance of embracing mining for higher wages


Christopher Luxon stated that New Zealanders should adopt mining like Australians have in order to increase their incomes and boost the country’s economy.

In his State of the Nation speech, Luxon emphasized the importance of supporting mining to fund a sovereign wealth fund and raise incomes in New Zealand. He noted that the country has often been resistant to economic growth by rejecting mining opportunities.

Luxon acknowledged that while health and education are essential, his primary focus is on the economy. He highlighted the economic potential in regions like Taranaki and the West Coast, emphasizing the need for mining to create higher incomes, support local businesses and families, and enhance local infrastructure.

He emphasized the role of the minerals sector in facilitating the country’s climate transition and stressed the importance of mining in powering economic growth and employing more New Zealanders.

Luxon proposed several initiatives, including empowering state-owned Kiwibank to compete in business finance, replacing the Resource Management Act, and addressing health and safety regulations to support economic growth.

He also announced the establishment of Invest New Zealand to attract foreign investment and outlined plans to restructure Crown Research Institutes into Public Research Organisations to focus on sectors like bioeconomy, earth sciences, health, forensic sciences, and advanced technology.

Luxon highlighted the need for commercial focus in research and development, opening up the construction industry to global competition, and reducing barriers for energy generators to invest in renewable sources. He emphasized the importance of more jobs, investment, innovation, exports, and talent for economic growth.

Opposition Leader Chris Hipkins expressed concerns about the cost of living for New Zealanders and criticized Luxon’s focus on economic issues. Recent polls show a shift in public opinion towards the country’s direction, with more people feeling it is heading in the wrong direction.

Source: Taxpayers’ Union-Curia poll



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