The debate over the benefits or disadvantages of the fly-in-fly-out employment model in the PNG resource industry is, in my view, often misguided, as it tends to target foreign employees, when in reality it is more applicable to the national workforce. Most resource extractive operations are located in very remote areas of PNG, so there is a...
Although mineral extraction provides a large portion of the country’s economic output and exports, much of Papua New Guinea’s vast mineral wealth remains underexplored due, in part, to the mining sector’s challenging regulatory regime. Grey areas include, but are not limited to, land rights issues, royalties, length of contract, environmental...
Situated within the Pacific ring of fire and immensely rich in mineral deposits, Papua New Guinea is one of the last frontiers for mining firms searching for unexploited treasure. Yet the same geologic forces which have concentrated gold, copper, nickel and other precious metals within the country – at the convergence of the Australian Plate...
Given current world economic trends, when can the recovery of the mining sector be expected?
Although consumer spending has weakened recently, in the long term the country will benefit from economic growth and related foreign investment, which will in turn help support consumer demand. New firms are being developed, while existing business are improving their operations. The retail sector is developing rapidly, and shopping malls are proving increasingly popular compared to the...
In spite of the logistical challenges posed by Papua New Guinea’s geography, strong global demand for raw materials against the backdrop of the commodity super-cycle continues to fuel investment in the country’s mining sector. Mining and petroleum taxes are expected to increase their contribution to the national budget, rising from $331.6m in 2013 to a projected $406.5m for 2014. Joint-venture...
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