Papua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals.
He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership.
“We encourage other companies to follow this path by investing in our country and empowering our communities,” he added.
According to the news report, K92 – which recently confirmed record production – was driven by higher-grade ore from its Judd and Kora deposits as well as boosted metallurgical recoveries and ongoing infrastructure development. K92 is currently preparing for its Stage 3 expansion project. Commissioning on a new process plan is expected late in the second quarter.
Goi said he was optimistic the expansion project will further boost production for K92 and also solidify the position of PNG in the global mining industry.
“This progress is vital for achieving our national development goals. We stand ready to support companies that share our vision for sustainable, inclusive growth.”
He also called for collaboration and clear communications between the government and other authorities with investors and mining companies and that time is of the essence” for successful deals.
“We need to ensure the system works efficiently by providing the necessary information needed, under strict regulations and clear processes for investors on time.”