Papua New Guinea is recognised internationally for their uncompromising quality and because it is only sourced from clean fresh oceans and from aquaculture producers who are committed to sustainable seafood practices.
The eastern half of the island of New Guinea – second largest in the world – was divided between Germany (north) and the UK (south) in 1885. The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975. A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives.
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GES Papua New Guinea
Related Data From the International Monetary Fund
Source: Ministry of Finance Latest actual data: 2010 Base year: 1994 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
|Mining in Papua New Guinea|
|The four mines in Papua New Guinea and the alluvial miners produced 68 tonnes of gold in 2003 and minerals made up 49.4% of the country’s export revenue. Production in 2005 is estimated to be over 65 tonnes. Papua New Guinea boasts three out of the six top producing gold mines in Australasia. The relation between geological aspects, high prospectivity / large occurrences / ease of discovery, and commercial aspects, high capital / operating costs, are the main reasons why the mines are large. Smaller, higher grade mines will be part of the industry’s future.Many international companies from Australia, South Africa, Canada and the USA are engaged in the country’s mining and exploration activities. Recently, the Chinese company, “China Metallurgical Construction Company” (CMCC) has begun to show interest investing in PNG and has signed investment agreements with the PNG Government, especially in nickel and cobalt in the Madang Province of PNG. This appears to be a new initiative by the Government to lure investments from other countries apart from its traditional investors who are still a part of the PNG economy which also compliments the Governments “export driven economic strategy” policy.Just in a nutshell, the following projects give an impression of what is currently going on in Papua New Guinea. The OK Tedi has produced, after 20 years of mining, 2.875 million tonnes of copper, 7.136 million ounces of gold and 15.599 million ounces of silver. It still has reserves for about 10 more years of production. Gold production at Porgera exceeded 1 million ounces in 2004 and has a projected operation life of another 9 years based on currently known reserves. At Lihir, 2004 production amounted to a little over 600,000 ounces of gold. The Tolukuma is maintaining gold production at over 7,000 ounces per month.Commencing production in 2006 is the Kainantu underground gold mine. Mine life is expected to be about 6 years with good potential to extend this. Also in construction is the Simberi with production of between 35,000 and 50,000 ounces per year to produce its first gold production in October 2007. The Hidden Valley has commenced construction to mine the Hamata resource.
Working to come to production in the years beyond 2005 is the Wafi gold prospect which, after the pre-feasibility stage, could production in 2008. New Guinea Gold Corporation which will bring three smaller gold mines into production over the next two to three years of which Sinivit has commencd producingin 2007. Others planned include, the Golpu copper project, the Ramu nickel project and the Frieda copper porphyry project.
The major representative of the Canadian involvement in Papua New Guinea’s mining scene is major Placer Dome Inc., which has had a presence in Papua New Guinea since the 1920s. Placer Dome’s 75% share of the Porgera mine added nearly 750,000 ounces of gold to the company’s account in 2004 after depletion of reserves.
Porgera (75% owned): The Porgera mine, located in the Enga Province n the highlands of Papua New Guinea, is often considered one of the world’s great gold mining operations. In 2004, Porgera was the largest contributor to Placer Dome’s gold production and it is estimated that it will add another 350,000 ounces of gold in 2007.
Not so long ago, Placer appeared determined to pull out of Papua New Guinea, Now it is pointing that Porgera mine could still be mining new underground ore bodies well after the earlier proposed min closure in 2012. It has taken a leap into exploration of the ocean floor in the Bismarck sea, in a joint venture with a junior, Nautilus Mining. Company executives have suggested that with a bit of luck, Papua New Guinea could become the first country in the world to successfully mine mineral deposits on the ocean floor.
Placer Dome also deserves credits for being the perfect example of how a major mining operator handles its responsibility to the environment. After acquiring an interest in 1977, it has been producing more than 3.6 million ounces of gold and 18.3 million ounces of silver at its Misima Mine between 1989 and 2004. The mining order from the open pit was terminated in mid 2001 after which the production continued from stockpiled ore until early 2004. As Placer Dome states “Progressive rehabilitation of mines areas has been an ongoing aspect of the mining operation. The company’s commitment to leave behind a better future has earned plaudits from local landowners, government officials and other stakeholders. Misima will continue to operate at the forefront of recognised best practices for environmental achievement and community development.” That these are not only words, may be seen from the photographs below, which show the Misima mine open pit in August 1997 and again in October 2003 after the re-vegetation.
The PNG Seafood is Freshest in the world.
National Fisheries Authority - National Fisheries Authority, Papua New Guinea Managing fisheries for the nation. Papua New Guinea has an extensive and valuable fisheries sector ranging from inland river fisheries, aquaculture, coastal beche-de-mer and reef fisheries to the prawn trawl and large-scale deepwater tuna fisheries. The range of participants covers artisanal community to medium sized domestic prawn and tuna longline operators to large international purse seine fleets in the deepwater tuna fishery. PNG Seafood Exporters (fishing and fish processing companies)
Forum Fisheries Agency - The Pacific Islands Forum Fisheries Agency (FFA) is based in Honiara, Solomon Islands and comprises 17 member governments. It was established in August 1979 to help countries manage their fishery resources that fall within their 200 mile exclusive economic zones. The founding document of the Agency is the South Pacific Forum Fisheries Agency Convention.
Western and Central Pacific Fisheries Commission - Commission for the Conservation and Management of Highly Migratory Fish Stocks in the Western and Central Pacific Ocean
Fishery and Aquaculture Country Profile for Papua New Guinea - aquatic species caught by country or area, by species items, by FAO major fishing areas, and year, for all commercial, industrial, recreational and subsistence purposes. The harvest from mariculture, aquaculture and other kinds of fish farming is also included.
International Association of Fish Inspectors - Fish, seafood and associated products that are safe, of acceptable quality and readily available for sale in the world’s marketplaces. The International Association of Fish Inspectors (IAFI) is a new and growing organization serving the world fish inspection community. As stated in our Charter, IAFI exists to promote the exchange of ideas and information, foster interaction, understanding and professional collaboration among individuals, organizations, and governments, disseminate knowledge about fish, seafood, and associated products inspection, and promote advancement of the state-of-the-art in fish inspection research and education.
source: sea-ex.com/ indexmundi.com Source: International Monetary Fund - 2011 World Economic Outlook
|Full name:||The Independent State of Papua New Guinea|
|Monarch:||Queen Elizabeth II|
|Prime Minister:||Sir Michael Somare|
|Capital:||Port Moresby (population 324,900)|
|PopulationL||6 million, 85% of whom are rural based (growth rate:2.0%|
|Total Land Area:||178,703 sq mi (462840.8km2)|
|People:||95% Melanesian, 5% Polynesian, Micronesian and Chinese|
|Languages:||805 indigenous languages plus Pidgin, Motu and English|
|Government:||Independent State and member of the Commonwealth (Independence from Australia 16 Sept 1975)|
|Self-governing since:||1 December 1973|
|Legal System:||Based on English common law|
|GDP PPP:||$13.734 billion (2009)|
|GDP(PPP) per capita:||2,166|
|Major industries:||Gold, oil, copper, coffee, silver, copra, palm oil processing and logging|
|Trading partners:||Australia, Japan, USA and China|