Papua New Guinea (PNG) is currently ranked 15th of 97 gold producing Countries and 18th out of 52 copper producing countries.
Papua New Guinea (PNG) offers to any investors an untouched & untapped Paradise to its Extractive Industry and can satisfy the appetite for more upstream investments which are rapidly growing. PNG hosts a number of “World Class Deposits” and sits along the World Famous Pacific Rim of Fire in the South Pacific.
Mining remains a significant contributor to the PNG economy. Mineral exports from Papua New Guinea have risen in value from PGKK8.04B / $USD2.28B in 2015 to K18.6B / $USD5.27B in 2019. Gold and copper are the main sector outputs, followed by much smaller percentages of nickel and cobalt.
With a well-established mining tradition dating back to the 1900s and a track record of successful “World Class” operating Mining Projects, the potential to discover more is truly endless.
Papua New Guinea in 2021 claimed global recognition through the K92 Mining Company (TSX: KNT) being selected by the Prospectors & Developers Association of Canada (“PDAC”) to receive the 2021 Thayer Lindsley Award for the discovery of its Kora North deposit. This award recognizes an individual or a team of explorationists credited with a recent significant mineral discovery anywhere in the world.
This has transformed the K92 Project as one of the premier high-grade, long-life, low-cost underground precious metals mines in the world. Great gains lie for those who dare.
PNG continues to be a strong gold producer, with an expected average of 2 million ounces annually based on its six (6) current operating mines as of 2021.
Copper production are exciting for the next 10 years post 2021 averaging 150,000 tons per annum, when Ok Tedi Copper and Gold Mine access high-grade pockets.
LIST OF MININGS
EMERGING GLOBAL PROJECTS
The Frieda River porphyry copper-gold open cut mine deposit contains an estimated 12 million tonnes (Mt) of copper and 19 million ounces (Moz) of gold. The Wafi Golpu underground mine deposit’s total mineral resources are estimated at 136.1Mt grading 1.65g/t gold. Both projects representing two of the largest undeveloped copper & gold resources in the world. This secures the future longeltivty of Copper & Gold into the Global Market by PNG.
Papua New Guinea has effective and transparent mining and environmental legislation, accessible and open resource administration regulated the Mineral Resources Authority of Papua New Guinea. The mining fiscal regime is very competitive on a worldwide basis and is based on widely recognized terms and conditions. Click on our logo to talk to us.