Since 1970, the mining industry has dominated PNG’s economy. Mineral exports are gold, copper, silver, nickel and cobalt. PNG mines are spread across the country, the largest of which include: Ok Tedi Copper and Gold Mine, Porgera Gold Mine, Lihir Gold Mine, Hidden Valley Gold Mine, Simberi Gold Mine, Tolukuma Gold Mine and Ramu Nickel Mine.
The mining sector is facing a range of competing trends and a rapidly changing global business environment. Against the backdrop of commodity price fluctuations, miners need to balance shareholder dividend expectations whilst maintaining an investment pipeline in the midst of increasing operating costs. Safety, environmental and community principles also continue to shape the industry as miners look to achieve their licence to operate and deliver on corporate responsibilities. In addition to the global mining landscape, mining companies in PNG have to deal with additional complexities, such as balancing the government's desire for development, the needs of communities and resource owners, and environmental sustainability.
Despite these challenges, PNG is located in a highly prospective region and the opportunities for large-scale development is significant. There are a number of major projects that are in the pipeline for development, including Wafi-Golpu and Frieda-River.
How can PwC help?
PwC is locally and internationally recognised for its expertise in the mining sector. We have local expertise backed up by the widest network of mining experts who work out of strategic hubs across the globe to help better connect you to vital mining markets.
Our connections provide:
- seamless client service delivered with collaborative cross-border account management
- maximised deal potential through a well-connected global community of mining leaders
- a well-connected and mobile workforce to ensure effective service delivery in even the most remote mining locations
Mining Excellence at PwC has been designed to mobilise and leverage PwC's collective global knowledge and connections to deliver an exceptional and tailored client experience, helping our clients navigate the complex industry landscape and meet their growth aspirations. Our team of specialists is exclusively focused on the sector and brings an industry-based approach to deliver value for you and your organisation.
While issues faced by miners across the industry may be similar, we understand that ‘value' means different things to different people. That's why at PwC it's not just about providing the ‘right' answers. Our teams remain focused on relationships to help our clients navigate the complex mining world and deliver on objectives.
