Papua New Guinea undoubtedly is a mining state, with mineral export revenues driving the economy and services in the country, with almost 7 million people spread over a land area of 462,840 km2, and a GDP of US $ 1900 per capita. It is endowed with vast natural resources in all sectors, in minerals, oil & gas, agriculture, forestry, and fisheries.

The mineral wealth of Papua New Guinea is the result of its geology; based on anomalies from past and current exploration efforts, it can offer to explorers the opportunity to multi element discoveries, including gold, copper, rare earth elements, nickel, cobalt, chromium, molybdenum, iron and platinum.

The mineral sector in Papua New Guinea is vibrant and progressive, with sector being by far the major contributor to the GDP, providing more than one third of government tax revenue, as well as royalties to landowners, dividends to equity holders, business development income, and many tangible benefits to host communities that would not otherwise be provided from any source.

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Mineral Resources Authority (MRA)

The Mineral Resources Authority (MRA) of Papua New Guinea provides all the information you require on the Minerals Sector in PNG. The Authority is a Government Agency; and all functions executed are on behalf of the Government of PNG. The Mineral Resources Authority was established through the enactment of the Mineral Resources Authority Act 2005 by Parliament. The Act came into effect on January 1 persuant to the Gazettal Notice No. G16 of 2006.

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