Phil O'Reilly

Mineral, coal and petroleum resources could create a step change in New Zealanders' prosperity.

Business NZ Chief Executive Phil O'Reilly says New Zealand has in-ground natural resources worth thousands of billions of dollars.

"These resources belong to all New Zealanders and should be used carefully in creating new industries and growing our economy.

"In taking stock of resources below the conservation estate the Government is acting judiciously on behalf of all New Zealanders.

"The ability of New Zealanders to contribute to decision-making over how our resources are developed is a feature of the Government's approach to this issue and is also a part of normal Resource Management Act processes.

"I look forward to public dialogue on this important issue which has the ability to transform our economy into the future."