President of the PNG Chamber of Mines and Petroleum, Gerea Aopi, says this follows falling commodity prices, natural disasters as well as reforms to the sector.
“PNG has been impacted by the El Nino and the fluctuating commodity prices, as for the resource sector, we have faced a level of uncertainty due to the various reforms underway. Some of these include proposed changes to the Mining Act and the recent tax measures announced as part of the government budget process.
