The future of Wafi-Golpu, a major gold and copper mine in Morobe Province to be developed by South Africa-headquartered Harmony Gold and Australian-owned Newcrest, appears uncertain after the government of Papua New Guinea told investors it intends to seek further benefits. Sam Basil, the then-treasurer, announced in June 2019 that the negotiation with the two firms was on...
Papua New Guinea
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Articles & Analysis | The Wafi-Golpu project and future investments in Papua New Guinea from The Report: Papua New Guinea 2019
Interviews & Viewpoints | Jerry Garry, Managing Director, Mineral Resources Authority (MRA): Interview from The Report: Papua New Guinea 2019
In what ways do global commodity markets affect the development of mining in Papua New Guinea?
Articles & Analysis | Mining projects in Papua New Guinea offer potential for economic growth from The Report: Papua New Guinea 2019
The mining industry is one of the main pillars of economic growth in Papua New Guinea. In 2017 the sector accounted for 29% of GDP and generated 86% of export revenue. Gold and copper account for the majority of mining export revenue, respectively comprising 76.8% and 13% of total sector exports in the first five months of 2019. The mining industry also remains an important...
Articles & Analysis | New mineral projects in Papua New Guinea offer potential to expand capital markets and strengthen economy from The Report: Papua New Guinea 2019
Papua New Guinea has made strides in recent years to expand its capital markets and promote liquidity. However, the performance of the country’s stock exchange – which changed its name from the Port Moresby Stock Exchange to PNGX Markets (PNGX) in July 2019 – has been affected by a series of economic disruptions. The 7.5-magnitude earthquake that struck PNG in February 2018...
Interviews & Viewpoints | Anthony Smaré, Chairman, Nambawan Super: Interview from The Report: Papua New Guinea 2019
Articles & Analysis | Papua New Guinea's fiscal and monetary policies support economic stability from The Report: Papua New Guinea 2019
Efforts to increase public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on somewhat-unpredictable extractive industries. These were affected in the first half of 2018 by an earthquake in February, and recovered in the second half when international commodities prices rose. Recovery in...