Resources

The industry contributed over 26 percent of PNG’s Gross Domestic Product and around 80 percent of the nation’s export revenue valued at K23 billion (approximately US$7.3 billion) as of September 2017.

The industry also directly employs over 20,000 people, with significantly more working in other sectors dependent on the industry, including landowner businesses.

Duma was responding to questions raised by Gulf Governor Havila Kavo on policy guidelines to protect resources.

Kavo highlighted that many of our natural resources can be processed, extracted and developed into finished products in the country.

He asked if the Government has a defined industrialisation policy in place to process many of our natural resources like hydrocarbons, minerals, timbers, marine and all the energy resources. 

In response, Duma confirmed that there are many policies that are developed and promoted by various government departments.