Predictive Analysis of Major Copper and Gold Mining Projects in Papua New Guinea

Authors : Kaepae Ken Ail

Volume/Issue : Volume 8 - 2023, Issue 9 - September

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The article provides some perspectives on the undeveloped Wafi copper-gold project, the option to re- open the troublesome Porgera gold mine and extension of Ok Tedi copper-gold mine. The existing Ok Tedi and the proposed Wafi have been megaprojects that could make substantial economic impacts on the economy of Papua New Guinea (PNG). The importance of prioritising these projects was that their total net ground values could be about 80 billion US dollars; and generate some 30 billion dollars in taxes, royalty and dividends in the next 20 years. The benefit distributions estimated comprised of direct revenue only and the method used did not capture the indirect benefits (employment and contracts). As such, predicting the value chain distribution could assist the government to timely make informed policy choices based on merits of individual mining projects under consideration as PNG continues to face unprecedented economic and social challenges.

Keywords : Megaprojects, timely, resource revenue, direct and indirect benefits, value chain distribution, economic and social benefits.


Paper Submission Last Date
31 - December - 2023

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