The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. It is dominated by the agricultural, forestry, and fishing sector and the minerals and energy extraction sector. The agricultural, forestry, and fishing sector accounts for most of the labour force of PNG while the minerals and energy extraction sector, including gold, copper, oil and natural gas is responsible for most of the export earnings.
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. As of 31 December 2019, the company had 71 million ounces of proven and probable gold reserves.
The Grasberg mine has one of the largest reserves of gold and copper in the world. It is located in Mimika Regency, Central Papua, Indonesia near Puncak Jaya. It is operated by PT Freeport Indonesia, a joint venture between the government of Indonesia, government of Papua, and American company Freeport-McMoRan (FCX).
Mes Aynak, also called Mis Ainak or Mis-e-Ainak, was a major Buddhist settlement 40 km (25 mi) southeast of Kabul, Afghanistan, located in a barren region of Logar Province. The site is also the location of Afghanistan's largest copper deposit.
The Hong Kong men's national cricket team is the team that represents Hong Kong in international competition. It played its first match in 1866 and has been an associate member of the International Cricket Council (ICC) since 1969.
Reko Diq is a small town in Chagai District, Balochistan, Pakistan. It is located in a desert area, 70 kilometres north-west of Naukundi, close to Pakistan's border with Iran and Afghanistan. The area is located in Tethyan belt that stretches all the way from Turkey and Iran into Pakistan.
Aluminum Corporation of China Limited, is a multinational aluminium company headquartered in Beijing, People's Republic of China. It is a public company, listed in Hong Kong and in New York. In 2021, it was the world's largest aluminum producer, ahead of China Hongqiao Group, Rusal and Shandong Xinfa.
Mining in Papua New Guinea is an important part of the Papua New Guinea economy.
Asa Resources Group is a mining company based in Johannesburg and London. According to the company's website, it is the first African-owned and African-managed business to be listed in the Resources sector of the London Stock Exchange's Alternative Investment Market. Asa was founded in 1987.
China Minmetals Corporation is a Chinese metals and mineral trading company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel.
Vladimir Iorikh or Vladimir Iorich or Vladimir Yorikh or Vladimir Yorich or Vladimir Jorikh or Vladimir Jorich is a Russian steel tycoon, president of the Swiss firm Conares Holding, which he formed in 1995, and founded the private equity and a venture capital Zug, Switzerland, based firm, Pala Investments, which was registered at St Helier in Jersey in 2006, with Jan Castro as the Managing Director of Pala Investments AG, which is the exclusive advisor to Pala in 2008. He claims that he is a German-Swiss tycoon who has nothing to do with Russia but controls uranium mining in the United States.
China Metallurgical Group Corporation, is a Chinese state-owned enterprise headquartered in Beijing, engaged in EPC, natural resources exploitation, papermaking, equipment manufacturing, real estate development. MCC is one of the largest equipment manufacturers in China, and the only state-owned enterprise that is authorized to run pulp-making and papermaking businesses in China and Internationally. On December 8, 2015, MCC merged into China Minmetals, becoming its wholly-owned subsidiary. The Company owns also MCC Holding SA in Switzerland and MCC Petroli AG. The president and group CEO of their petroleum corporations is Dr. Ing. Luigi Forino. Dr. Luigi Forino is also a shareholder of MCC for more than 22% and the owner of several companies.
Mining is an important industry in Pakistan. Pakistan has deposits of several minerals including coal, copper, gold, chromite, mineral salt, bauxite and several other minerals. There are also a variety of precious and semi-precious minerals that are also mined. These include peridot, aquamarine, topaz, ruby, emerald, rare-earth minerals bastnaesite and xenotime, sphene, tourmaline, and many varieties and types of quartz.
China Nonferrous Metal Mining (Group) Co., Ltd. is a Chinese corporation involved with the mining of non-ferrous mineral resources. Established in 1983, it is a large central enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council.
is located near Saindak town in Chagai District of Balochistan, Pakistan. The discovery of gold, copper & silver deposits at Saindak was made in the 1970s in collaboration with ahe Saindak Copper-Gold Project was set up by Saindak Metals Ltd, a company fully owned by the Government of Pakistan, by the end of 1995 at a cost of PKR 13.5 billion. Currently Metallurgical Corporation of China is operating two mechanized hard rock underground Copper-Gold mines with current production of 7.25T per annum of copper-gold from smelting process
The Reko Diq Mine is a planned mining operation, located near Reko Diq town in Chagai District, Baluchistan, Pakistan. Reko Diq represents one of the largest copper and gold reserves in the world having estimated reserves of 5.9 billion tonnes of ore grading 0.41% copper and gold reserves amounting to 41.5 million oz, and a mining life of at least 40 years.
The economy of Balochistan, one of the four provinces of Pakistan, is largely based upon the production of natural gas, coal, and minerals. Agriculture and livestock also dominate the Baloch economy. Horticultural development is a fairly recent, yet growing phenomenon. Other important economic sectors include fisheries, mining, manufacturing industries, trade and other services being rendered by public and private sector organizations in the province.
A nickel mine is a mine that produces nickel. Some mines produce nickel primarily, while some mines produce nickel as a side-product of some other metal that has a higher concentration in the ore.
Chamalang Coal Mines are extended over in the districts of Kohlu, Barkhan, and mostly concentrated in Loralai and expands over an area of 500 square miles. The high-quality Chamalang coal mines were first discovered in 1885 when the region was under British control. The mines are the second largest in Asia.
Dr. Rona Nibeta Nadile worked for the Department of Labour and Industrial Relations (DLIR) of Papua New Guinea (PNG), with a focus on legal frameworks for managing foreign workers. In 2009 the Westpac Women in Business Awards recognized her contributions with the Cardno Acil Public Sector Award. A few years later, she was dismissed after twice exposing political corruption within the national government.
CN¥215,785,772,000 (2014)
