When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors.
Mining & Energy
OilSearch Limited is PNG’s longest-established resources company, with an 80-year history of operations in the country. It currently operates all of PNG’s producing oil and gas fields and also has operations in Australia, Yemen and the United Arab Emirates.
Effectively replacing the regulatory roles previously undertaken by the Department of Mining, the Mineral Resources Authority (MRA) was established by an act of Parliament in 2005.
The Papua New Guinea Chamber of Mines and Petroleum is the peak industry body for the country’s resources sector.