Five more mines to open in next five years

on Wednesday, 27 February 2013. Posted in PNG Resource News

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Five more mines to open in next five years

Milne Bay and East Sepik provinces are among a number of provinces to have new mines.

Acting Managing Director of Mineral Resources Authority Philip Samar says these will be realized in the next few years.

Since 1970 mineral extraction has dominated the national economy. It has contributed more than six million kina every year.

With the exception of the Ok Tedi copper gold Mine, almost all of the mining in PNG has been gold mines.

The two largest gold mines are the Pogera in the Enga Province and Lihir in the New Ireland Province. The Hidden Valley gold and silver mine in the Morobe Province and the Ramu Nickel cobalt mine commenced production in 2010.

Government’s Mineral Resources Authority is now looking ahead for five more mines. They will be producing gold and copper.

Acting Managing Director Philip Samar said Milne Bay and East Sepik Provinces are among them.

Mr. Samar said the mines are currently undergoing feasibility studies. They should be declared mines in the next 5 years.

Meantime, the authority is also reviewing closed mines.

Bernadette Efi, National EMTV News

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