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Edie Creek, Central New Guinea, 1936. Edie Creek has been a historic gold and silver mining area since its discovery in 1926. [2] Located about 5 km south-west of Wau, it was the centre of one of the first major gold rushes in PNG before World War II. [2]
The Porgera Gold Mine is a large gold and silver mining operation near Porgera, Enga province, Papua New Guinea (PNG). Located at the head of the Porgera Valley, The mine is situated in the rain forest covered highlands at an altitude of 2,200 to 2,700 m, in a region of high rainfall, landslides, and frequent earthquakes.
In 1999, as mineral exploration and new minerals investments declined, as did United States exports. Crude oil is the largest U.S. import from Papua New Guinea, followed by gold, cocoa, coffee, and copper ore. U.S. companies are active in developing Papua New Guinea's mining and petroleum sectors.
The mining company is a joint venture between Indonesian and American interests, with the Indonesian government through its state-owned company PT Mineral Industri Indonesia (MIND ID) and PT Indonesia Papua Metal & Mineral, a company co-owned by MIND ID and government of Papua, owning a 51.23% stake and Freeport-McMoRan owning 48.77%.
Papua New Guinea has the largest fishery zone in the South Pacific with a zone of 2.4 million square kilometers. [9] [13] Papua New Guinea harvests and exports 14% of the worlds tuna supply, owing in part to agreements with the EU that allow duty free exports. [13] Tuna accounts for 99% of Papua New Guinea's total fish related exports. [13]
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Mining of sulfur from a deposit at the edge of Ijen's crater lake, Indonesia. Mining is the extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory.