Papua New Guinea
The Independent State of Papua New Guinea is an Oceanian country that occupies the eastern half of the island of New Guinea and its offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. Papua New Guinea established its sovereignty in 1975 and remains one of the most culturally diverse countries in the world, with over 700 languages spoken.
Prospectivity and Mining History:
Up until 1970, there was little mineral extraction in Papua New Guinea. However, since the 1970’s, mineral extraction has dominated the national economy with gold and copper being the two major minerals extracted. Mineral deposits – including nickel, cobalt and silver as well as gold and copper – in addition to significant reserves of oil and natural gas are extensive, but little exploration has been done to confirm exactly how large these resources are. The first exports of nickel and cobalt from Papua New Guinea occurred in 2012.
Papua New Guinea has clearly stated its hopes for becoming a significant energy and minerals exporter and has indicated a desire to develop its natural resources through implementing legislation aimed at attracting foreign investment and expertise into the country.
Indodrill Papua New Guinea Limited
Ground Floor, Petromin Haus
Section 48, Lot 04
Sir Hubert Murray Highway, Port Moresby
National Capital District, Papua New Guinea
Tel: (65) 65439375