Noting the announcement of the decision by the Government of PNG to not renew the Porgera Special Mining Lease, the PNG Chamber of Mines and Petroleum expresses concern at the potential impacts of the decision on the PNG economy and international investor confidence in PNG. The Chamber does not wish to discuss the legal rights of the parties in this matter but does have firm views on the value and importance of foreign investment and technical know-how for PNG’s Mining and Petroleum sector, and notes that the Chamber and offshore investors share the expectation that due legal process and the rule of law will be respected by all parties.
Directly and Indirectly
↣ Social Contributions | ↣ Economic Contributions
WHAT WE DO
World Class Mining & Petroleum
Promotes world-class, sustainable mineral and hydrocarbon exploration, production, and processing.
Supporting a safe and viable resource industry that is environmentally and socially responsible to the welfare of impacted communities, and the people of Papua New Guinea.
Wellbeing and Prosperity
Committed to the wellbeing and prosperity of current and future generations of PNG.
How much is the industry contributing to Papua New Guinea?
The PNG Chamber of Mines and Petroleum is mindful of the significant economic importance of the industry and understands the impact coronavirus (COVID-19) is having on resource projects and exploration. The Chamber along with other Peak business bodies are working closely with the government to address the impact of COVID-19 on the sustainability of business in PNG including the ongoing operations of our producing mines and petroleum facilities.
The PNG Chamber of Mines and Petroleum has welcomed the Government’s proactive response to the global pandemic and is working closely with key government stakeholders to share the industry’s plans to protect their employees and local communities, whilst maintaining operations.