A K11 BILLION INDUSTRY

Most of Papua New Guinea’s operating mines are located in remote regions of the country. These include: Ok Tedi, Porgera, Ramu Nickel, Hidden Valley, Tolukuma, Simberi, Lihir and Kainantu. According to the government’s Medium Term Development Plan, mineral exports rose from K8.95 billion in 2016 to a projected K9.45 billion in 2018. The target is to have K11.04 billion in 2022. Government revenue from the industry is expected to be K183.36 million in 2018, and it employs 18,380 people. There were 292 mining operations in PNG in 2018, including alluvial mining. There were nine final investment decisions pending and 188 current exploration licences.