Papua New Guinea has world-class geological potential and has operated a stock exchange for more than 25 years. Yet few mineral exploration companies are listed domestically. David Lawrence, Chairman of national stock exchange PNGX, outlines what could be done to encourage them to raise more of their finance locally.
Exclusive data compiled by Business Advantage PNG reveals where Papua New Guinea’s junior gold and copper miners are getting their capital.
Spending on mineral exploration in Papua New Guinea has plummeted in the past five years, according to the country’s Mineral Resources Authority. But juniors such as Canterbury Resources and Adyton Resources believe they have found the way forward.