bi-monthly issue

Downturn in exploration affects jobs

In its bi-monthly issue, the PNG Chamber of Mining and Petroleum highlighted the drop in exploration investment, which has the potential to severely impact the country’s mining sector.

In a survey conducted by the Chamber, covering the period between 2012 and 2015, mineral exploration expenditure dropped from a peak of K944.3 million in 2011 to K325.5 million in 2015.

This followed a near decade of high activity from 2003 to 2011.