However, the Oxford Business Group (OBG) says there are concerns proposed legislative changes could hinder activity moving forward.
In December Australian company Newcrest Mining and its partner, South Africa’s Harmony Gold, signed a memorandum of understanding (MoU) with PNG’s government over a potential PGK9.1bn ($2.8bn) investment to develop the Wafi-Golpu mine, a copper-gold asset in Morobe Province.