Mt. Kare one of only 'four large scale productions primed for...

Mt. Kare one of only 'four large scale productions primed for commercial production in the next 10 years'.

Interesting article below but they forgot to add that Mt.Kare under the stewardship of IDC, is also set to become the social, economic and environmental benchmark for large scale mining in PNG.
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Papua New Guinea Mine Watch
May 5, 2014 · 4:48 pm
Govt has its head in the sand over large-scale mining

Large-scale mining has not delivered a better quality of life for ordinary people in PNG – Misima, Ok Tedi, Porgera, Lihir, Panguna… where are the benefits?

So why is the government pushing more environmentally and socially destructive large-scale mining rather than pursuing other development options or at least pausing and doing a major study on what has gone wrong and what needs to be fixed BEFORE we open more mines?

PNG resources boom in coming years

The National

Four large scale productions are primed for commercial production in the next 10 years, Papua New Guinea Mineral Resources Authority managing director Philip Samar said.

He said the country was focused on diversifying its minerals base with the Frieda River, Yandera (Madang), Mt Kare and Wafi Golpu projects between 2015- 2025.

Samar said: “PNG started with mining as its backbone, first copper mine out of Panguna.

“Of course we heralded the PNG LNG gas project that will now take off from here.

“On average PNG produces something like 60 tonnes of gold, similar amount of silver and just under 200 tonnes of copper. We have one copper mine currently producing and that is Ok Tedi Mining Ltd (OTML.

“Looking over the horizon over the next 10 years to 2025, there’s about four to five large world-scale operations to be brought on for commercial production.

“With the coming on stream of the Ramu NiCo project last two years, we’ve added nickel and cobalt so we are and have a mandate to further diversify our mineral base.

PNG has challenging operating environments; however he added that miners have received significant returns from their investments.

“There is one mine currently under application with the Mineral Resources Authority and it’s the Woodlark gold project (Milne Bay). We hope to turn this project around in the next two months.”.