This follows the lodgment of two Special Mining Leases for the Frieda and Wafi-Golpu projects
If approved, both projects will join the Ok Tedi Copper-Gold project.
PNGCMP Executive Director, Greg Anderson, revealed this in the Mining & Petroleum Review (Vol. 4, Issue 3)
“Each project is very large in global terms. During their project lives, they will likely go through two or three industry downturns and as many cyclical upturns,” states Anderson.
The PNGCMP says both projects would generate very significant benefit streams for the government, landowners, and host communities.
They would also create many jobs and business development opportunities for citizens and contribute to the national and local economies.
The SML process will take at least a year to complete and involves approvals from the Mineral Resources Authority as well as completion of environmental impact studies.
Picture credit: miningmagazine.com /looppng