PNG leader to hold mine investment talks in China

 Papua New Guinea’s leader James Marape will meet this week with a Chinese state-owned company in Guangzhou seeking “substantial” progress on a major copper and gold mine project.

The prime minister of the most populous Pacific Islands country arrived in China on Monday for a visit focused on minerals and agriculture trade.

He is expected to meet with Guangdong provincial leaders on Tuesday and with a major investor in the Frieda River copper and gold project on Thursday.

“Our relationship with China has a special focus on making sure trade grows, our economic relationship prospers,” Marape told reporters on Monday.

“We want to also progress Frieda River in a substantial manner,” he added.

The undeveloped project — located in Papua New Guinea’s remote and mountainous West Sepik Province — contains one of the world’s largest undeveloped copper deposits, according to Chinese-owned mining company PanAust.

PanAust is a subsidiary of Chinese state-owned Guangdong Rising Holding Group.

The Frieda River project is yet to receive a mining lease but was granted environment permits for the mine and a planned airport, port, power grid and hydro-electric project in December.

Environmental groups have raised concerns with the UN Human Rights Council over the impact of the proposed dam and mine on local communities living downriver.

Resource-rich but largely undeveloped Papua New Guinea counts China as its largest export market, even as it has deepened security and defence ties with Canberra and Washington in recent years.

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Leave a Reply

*

*