Overview
Papua New Guinea’s (PNG) economy is reliant on its minerals industry, with the mining and petroleum industries contributing an estimated 17.3% of the country’s GDP in 2003 (15% in 2002) and 55% ( 52% in 2002) of export revenues. Apart from the physical production, several local secondary industries are flourishing on the back of servicing the mining industry.
Gold, copper and silver are the main mineral products in PNG, which hosts some of the largest copper – gold orebodies in the world. Apart from the large scale mines operated by foreign companies, there is a large informal sector, mining mainly alluvial gold. It is these large scale open pit operations that have been the focus of several court cases involving issues ranging from pollution, land resettlement and environmental taxes.
Organisations (20)
Highlands Pacific Limited, Highlands Pacific Limited, Bougainville Copper Ltd (PNG), Department of Minerals and Energy, Department of Mining and Petroleum, Geological Survey of Papua New Guinea, Lihir Gold Ltd (PNG), Niugini Mining Ltd, OK Tedi Mining Ltd, Orogen Minerals Limited, Papua New Guinea Department of Mining, Placer Niugini, Simberi Gold Corp, Southern Gold
Facilities (13)
Acari, Bougainville, Frieda, Kainantu, Lihir gold mine, Misima, Mount Kare, Ok Tedi, Panguna, Porgera, Ramu, Simberui, Tolukuma