Minister for Mining Byron Chan will deliver the keynote address at the Ministerial Forum session at the China Mining conference held in Tianjin, China on today.
Minister Chan will highlight the immense mineral and exploration prospects and opportunities in PNG and provide assurance to the investment conference that Papua New Guinea is a secure mineral investment destination.
“Asia and particularly China is having a profound impact on the way business is being conducted globally. This is where mining investment and exploration funds are sourced to develop the resource sector globally and I am leading a delegation from PNG to position ourselves to be able to attract these investment funds here at one of the largest international premier mining events worldwide”.
Minister Chan is also scheduled to hold bilateral discussions with his Chinese counterpart Minister for Natural Resources to discuss prospects for technical assistance and cooperation between China and PNG to further enhance the development of the mining and exploration sector through the exchange of knowledge, skills and technology.
The Minister is expected to witness the signing of the first of such technical cooperation between the China Geological Survey and the MRA Geological Survey. Among other cooperation activities, the MOU will allow for a comprehensive assessment of the mineral potential of PNG. This information is currently vague and once developed will no doubt enhance our understanding and appreciation of the country’s mineral potential.
The Minister will also update his Chinese counterpart on the operations of the Ramu nickel project and the opportunity to develop additional impact projects such as infrastructure to service both the mine and the Madang province as a whole.