Papua New Guinea - Has the Potential to become the leading Gold Producing Country in the World
John Ellery CBE, CSM, OL.
"C-Suite" Finance & Commercial Executive + Experienced CFO + Strategic Business Partner with Multi Industry Experience
Papua New Guinea has been promoted to the world as having the potential to be one of the leading gold producing countries in the globe. This was done at the world’s largest hybrid gold convention in Dubai by the PNG Expo2020 Team on Sunday.
The convention was attended by diplomats, ministers, top industry leaders from gold mines, refineries, jewelers, traders, import-export companies from the UAE and the world.?
?PNG's Ambassador to Belgium and the European Union and the Commissioner-General to Expo2020, Joshua Kalinoe, informed the convention that PNG is projected to maintain strong gold production at 1.5 million to 2 million ounces of gold annually over the next five years.
?He said there are opportunities to invest in exploration and downstream processing in the PNG mining sector, either in partnership with the existing license holders or in new licenses.
Ambassador Kalinoe said PNG is a greenfield destination where the full potential of gold, copper and other minerals, including in the small-scale alluvial gold mining has not been fully realized. PNG’s participation in the Global Gold Convention attracted a number of investment interests in the mining sector.
The highlight of the event was the awarding of the Global Gold Excellence Award to Papua New Guinea through Ambassador Kalinoe.?
?NBC News / Pacific Mining Watch
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3 年That been said this is an unpublished fact that a few with vested interests want to keep under wraps. But..., for how long?
Officer at Department of Commerce, Industry & Trade
3 年Yes indeed. But portions of them were robbed during colonial period to date
Partner at SBC Solutions
3 年It's great to be a leading producer but that greatness must be evident in service delivery to improve living standards of rural PNG.
Mining Professional
3 年Government officials need to say this just to toe with line with the current "Take Back PNG" motto. To be honest I do NOT see this happenning as it expensive to Operate (CAPEX and OPEX) and with the current governments Negative impact on Porgera Gold Mine.
Finance and Business Management
3 年Yes it may have the potential but sadly all the money goes to those in charge and people still suffer in the end. Interesting news though.