Austmine will lead another mining mission to Papua New Guinea in 2018. Details here.
PNG represents an important business opportunity for METS companies, particularly those that have the technical expertise and advanced equipment to counter some of PNG’s most pressing issues, including its harsh climate and underdeveloped infrastructure.
Although gold is the nation’s predominant mining resource, copper, rare earth metals, nickel, cobalt, chromium, iron and platinum are also mined. A number of large projects are on the horizon including PanAust’s Frieda River copper-gold mine, Nautilus Minerals deep sea mining Solwara project and Newcrest and Harmony Gold’s joint venture Wafi-Golpu mine. Newcrest’s Lihir mine taps into a valuable local energy source to enhance value.