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13th PNG Mining & Petroleum Conference in Sydney ends

By Leanne Jorari – EM TV, Sydney

The 13th PNG Mining & Petroleum conference ended today in Sydney. It was well attended by stakeholders from the PNG resource industry.

The final day was aimed at encouraging foreign investors to look again at PNG.

Conference hosts, PNG Chamber of Mines & Petroleum, were pleased with the outcome of the event, with a reassurance that confidence in PNG had indeed been restored.

The key message of maintaining confidence in PNG’s resource sector despite the current downturn in global commodity prices was well received.

According to Chamber of Mines & Petroleum Executive Director, Greg Anderson, the Chamber is satisfied with the outcome, with the conference achieved its main aim of “expanding horizons”

Despite the fall of commodity prices and a “cyclicalrdquo; mining industry, the O’Neill-Dion government is maintaining the positive stance when concerning the mining industry in Papua New Guinea

Minister for Mining, Honorable Byron Chan, addressed stakeholders at the 13th Mining and Petroleum conference with a promising outlook despite the current slump in the global Mining Industry.

Expanding on the mineral diversity and expansion in PNG’s Mining industry, the Minister endorsed Prime Minister O’Neill’s statement about the country’s resource industry being relatively unaffected by the global industry

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