The mining sector is currently the single largest export earner, contributing over 50 per cent of the country’s revenue, according to Minister for Mining Johnson Tuke. He said the overall mineral production on all exports and revenues in 2017 including from the alluvial sector was almost K11 billion (US$3.4 billion) – an increase of 13.4 per cent from 2016.
“These figures are supported by direct employment of the mineral sector increasing from 15,000 employees last year to more than 17,000 this year,” he said. Tuke said 86 per cent were PNG workers.
He also told the PNG Mining and Petroleum Conference in Port Moresby of the conclusion of the 2009 legislative review of Papua New Guinea’s mining sector. The consultation and the review exercise took seven years. The mining ministry in addition developed six new mining policies.
“My ministry has also developed six new mining policies. These policies are aligned with international best practice requirements,” he said. “The revised mining act and the six new mining policies are now with the National Executive Council for deliberation.”
Tuke lauded the industry for exceptional safety practices at all the mining site in the country. “In any mining operation safety is of paramount importance. I am happy to announce (that) the mining sector had no serious or fatal accidents for the past 16 months,” he said.
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