Precious Metals Mining in Papua New Guinea to 2020 - a Focus on the Gold Industry

Published: Jun, 2016 | Pages: 28 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Precious Metals Mining in Papua New Guinea to 2020 - a Focus on the Gold Industry' report comprehensively covers Papua New Guinea's reserves of gold (precious metal), reserves by country, the historic and forecast data on gold production and prices, and historic and forecast gold production by selected mines. 

The report also includes factors affecting demand for gold, profiles of major precious metals (gold) producing companies and information on the active, exploration and development gold projects.

The Fiscal Regime section provides information about the country's regulatory authority, laws, licenses and other fiscal regime information such as taxes, rates and other charges applicable to the mining of the commodity in the country.

It is an essential tool for companies active in Papua New Guinea's mining and for new competitors considering entering the industry.

Summary
Papua New Guinea has a range of resources including gold, silver, copper, nickel and cobalt and the country's mining industry is vitally important to its economy, contributing 15% to total gross domestic product (GDP) in 2015.

Papua New Guinea had the world's 12th-largest gold metal reserves, at 1,200 tonnes (t), or 2.1% of the global total at the end of 2015, with reserves in the New Ireland and Western provinces.
Scope
The report contains an overview of the Papua New Guinea's precious metal (gold) mining industry together with the key factors affecting the industry and demand for the commodity.

It also provides information about Papua New Guinea's precious metal (gold) reserves, historic and forecast data on gold production, the competitive landscape and active, exploration and development precious metal projects (gold).

Reasons To Buy
Gain an understanding of the gold (precious metal) mining industry in Papua New Guinea, gold reserves, historic and forecast data on precious metal (gold) production, gold prices, demand drivers, active, exploration and development precious metals (gold) projects, the competitive landscape and the country's fiscal regime.

Key Highlights
 Gold mine (or metal content in the ore) production was estimated at 1.6 million ounces in 2015, down by 11.4% compared to 2014 due to a fall in production at the OK Tedi mine and the Lihir project. 

 Small-scale gold mining plays a major role in the country's gold mine production. 

 Small-scale miners produced 119,000 ounces of gold in 2015, and generated export revenue of US$124.9 million in the same year.

 Table of Contents
1 Executive Summary 
2 Gold Mining in Papua New Guinea- Reserves and Production 
2.1 Total Reserves and Reserves by Grade for Selected Mines 
2.2 Historic and Forecast Production 
2.2.1 Historic and forecast gold mine production by selected mines 
2.3 Location of Gold Mines in Papua New Guinea 
2.4 Active Mines 
2.5 Exploration Projects 
2.6 Development Projects 
2.7 Demand Drivers- Expected Improvement in Demand by 2020 
2.7.1 Demand from end-use sectors 
3 Major Precious Metal Producers in Papua New Guinea 
3.1 Newcrest Mining Ltd 
3.2 Harmony Gold Mining Company Ltd 
4 Fiscal Regime 
4.1 The Papua New Guinean Mining Industry- Governing Bodies 
4.1.1 Ministry Resource Authority (MRA) 
4.1.2 Chamber of Mines and Petroleum 
4.2 The Papua New Guinean Mining Industry- Governing Laws 
4.2.1 Mineral Resource Authority Act 2005 
4.2.2 Mining Act 1992 
4.2.3 Environment Act 2000 
4.3 The Papua New Guinean Mining Industry- Licenses 
4.3.1 Exploration license 
4.3.2 Mining lease 
4.3.3 Special mining lease 
4.3.4 Lease for mining purposes 
4.3.5 Mining easement 
4.4 The Papua New Guinean Mining Industry- Key Fiscal Terms 
4.4.1 Royalty 
4.4.2 Development levy 
4.4.3 Corporate tax 
4.4.4 Withholding tax 
4.4.5 Stamp duty 
4.4.6 Tax incentives 
4.4.7 Loss carry forward 
4.4.8 Capital and exploration expenditure- allowable deductions 
4.4.9 Goods and service tax (GST) 
5 Appendix 
5.1 Abbreviations 
5.2 Bibliography 
5.3 Secondary Research 
5.4 Primary Research 
5.5 Contact Timetric 
5.6 About Timetric 
5.7 Timetric's Services 
5.8 Disclaimer

List of Tables
Table 1: Precious Metals Mining in Papua New Guinea- Gold Reserves, Grade and Ore Type for Selected Mines, 2016 
Table 2: Precious Metals Mining in Papua New Guinea- Historic and Forecast Gold Mine Production (Thousand Ounces), 2000-2020 
Table 3: Precious Metals Mining in Papua New Guinea- Historic and Forecast Gold Mine Production by Selected Mines (Thousand Ounces), 2011-2020 
Table 4: Gold Mining in Papua New Guinea- Active Mines, 2016 
Table 5: Gold Mining in Papua New Guinea- Exploration Projects, 2016 
Table 6: Gold Mining in Papua New Guinea- Development Projects, 2016 
Table 7: Precious Metals Mining in Papua New Guinea- Consumer Gold Demand in India and China (Million Ounces), 2009-2015 
Table 8: Precious Metals Mining in Papua New Guinea- Comparative Analysis of Major Producers, 2016 
Table 9: Precious Metals Mining in Papua New Guinea- Newmont Mining Corporation, 2016 
Table 10: Precious Metals Mining in Papua New Guinea- Gold Fields Ltd, 2016 
Table 11: The Mining Industry in Papua New Guinea- Withholding Tax (%), 2016