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The site was at the time the world's largest open-pit copper/gold mine, generating 12% of PNG's GDP [3] and over 45% of the nation's export revenue. [4] Profits derived from the mine helped fund Papua New Guinea's independence from Australia, in 1975. [5] Mining at Panguna included the direct discharge of tailings into tributaries of the Jaba ...
Bougainville Copper Limited (BCL) is a mining company of Papua New Guinea (PNG) that is listed on the Australian Securities Exchange (ASX). BCL operated the copper, gold and silver mine at the Panguna mine on Bougainville Island in PNG from 1971 (54 years ago) () to 15 May 1989 (35 years ago) (), when mining operations were officially halted due to militant activity.
Francis Ona (15 February 1953 – 24 July 2005) was the Supreme Commander of the Bougainville Revolutionary Army (BRA) during the 1988–1998 Bougainville conflict.The war began when Ona "went bush" and began organising acts of industrial sabotage against the Panguna mine, which he felt was causing environmental devastation and was not fairly compensating the traditional landowners, himself ...
With the exception of the Ok Tedy Mine (copper-gold) and the Ramu nickel-cobalt mine, almost all of the mining in PNG has been gold mining. The two largest gold mines are the Porgera (Enga Province) and Lihir (New Ireland Province) mines. In 2009, the Hidden Valley gold and silver mine (Morobe Province) commenced production.
Panguna is a town next to the (now decommissioned) Panguna copper mine on Bougainville Island, Papua New Guinea. It was owned and operated by Bougainville Copper Ltd , a subsidiary of Rio Tinto . Beginning operations in 1972, the company hired thousands of workers, most from other parts of the country.
At the time, the Panguna mine was the largest open cut mine in the world and produced more than 45% of Papua New Guinea's export revenue, making it vitally important to the national economy. [5] Conflict began to emerge in Bougainville from the start of mining operations at Panguna as the mine recruited thousands of migrant workers to the island.
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
In 2018, the German Federal Institute for Geoscience and Natural Resources and Global Sea Mineral Resources submitted an Environmental Impact Statement for testing a nodule collector vehicle in the Clarion-Clipperton Zone. [15] In 2020, the Government of India submitted an Environmental Impact Statement for technical trials in the Indian Ocean ...