Extractive Industries

These export revenues account for about 44 percent of PNG’s annual export revenue.

Speaking on Tuesday, December 12^th, at the 17^th PNG Resources and Energy Investment Conference in Sydney, PNG’s Minister for Mining, Sir Ano Pala, said: “The total annual export revenue peaked at K15.7 billion in 2020 and decreased to K13.1 billion thereafter due to the closure of Porgera mine.

“The value of export revenue from the mining sector is comparable to hydrocarbons since the first export of Liquified Natural Gas (LNG) in 2014.

Aia said this will allow for the presence of open members on discussions regarding the development of their land.

“Can amendments be made to the Acts of the Extractive Industries so that can allow the presence of open members?

“Instead of being spectators on their land, to be at the dining table at the first place so that our people can have a fair, better and fair representation at all levels in terms of equity and also benefits sharing arrangements in whatever activity that takes place in this country,” said MP Aia.

The begin to realise this, a three-day workshop hosted by the Pacific Leadership and Governance Precinct and the Papua New Guinea Secretariat of the Extractive Industries Transparency Initiative (PNGEITI) was held in Port Moresby last week.

The workshop is to strengthen the way in which revenue from the industry is managed through improved transparency and ethical leadership in the sector.

The workshop involved key resources sector stakeholders from government, industry and civil society.