Mining Industry

Over K40bn new investments anticipated

On top of that, it is dealing with about K10 billion in investments in sustaining capital expenditure on existing mines.

When presenting at the 17th PNG Resources and Energy Investment Conference in Sydney, Mining Minister, Sir Ano Pala, told attendees that two prominent projects worth over US$11 billion (K41bn) of potential new capital investments are:

EU on Sustainable Mining

The Ambassador stressed on reforms of the mining sector and its commitment to supporting sustainable development.

He also informed the Minister of a possible cooperation in the mining sector for “smart” and sustainable mining technologies and expertise in supporting the EU’s "Green Deal” and creating sustainable jobs for Papua New Guineans.

Minister Tuke while providing an update on the mining sector welcomed EU’s effort for a collaborative partnership to promote sustainability in the mining sector.