The re-opening of Papua New Guinea's Pogera Mine must be accelerated as it is a key contributor to the foreign exchange says, BSP Financial Group (BSP) CEO Robin Fleming.
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| Picture Supplied: BSP Group CEO Robin Flemming |
The mine has been closed since 2019 but with the recent signing of the shareholder agreement by representatives of Mineral Resources Enga and landowners the re-opening of the mine is in sight.
Mr. Fleming told FM100/Hot97FM News that with the re-opening of the mine foreign exchange dynamics and Gross Domestic Product (GDP) will change.
Mr. Fleming adds that, other major projects in the extractive industry that will also boost the economy will be development of the P’nyang Gas Project and the extension of the Papua LNG Project.
He says these projects are moving closer to a financial investment scheme in the third quarter or the fourth quarter of the financial year of 2023 and that alone will stimulate the economy.
FM 100 / Pacific Mining Watch
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