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The Panguna mine is a large copper mine located in Bougainville, Papua New Guinea. Panguna represents one of the largest copper reserves in Papua New Guinea and in the world, having an estimated reserve of one billion tonnes of ore copper and twelve million ounces of gold. [1] [2] The mine has been closed since 1989 and has ceased all production.
Up until 1970, there was little mineral extraction in Papua New Guinea.Since the 1970s, mineral extraction has dominated the national economy. [1]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 Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea located near the headwaters of the Ok Tedi River, in the Star Mountains Rural LLG of the North Fly District of the Western Province of Papua New Guinea. The mine is operated by Ok Tedi Mining (OTM), which is majority-owned by the PNG Sustainable Development Program Limited ...
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.
Pages in category "Copper mines in Papua New Guinea" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes. B.
However the mine is still in operation and waste continues to flow into the river system. BHP was granted legal indemnity from future mine related damages. The Ok Tedi Mine was scheduled to close in 2013. [8] However, the PNG Government has taken over control of the mine and with support of local community, the mine life was extended.
BHP outlined plans to invest between $10 billion and $14.7 billion within 10 years to extract more copper from its giant Escondida mine, where output is forecast to decline, and from the smaller ...
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.