The Panguna Mine in Central Bougainville will be reopened, after more than 30 years of forced closure in the late 1980s.
PANGUNA MINE IN CENTRAL BOUGAINVILLE TO REOPEN AFTER 30 YEARS OF FORCED CLOSURE
NBC News PNG | 10 Feb 2022.
The Panguna Mine in Central Bougainvillea will be reopened, after more than 30 years of forced closure in the late 1980s.
This was the resolution reached between the Autonomous Bougainville Government and landowners and chiefs of Basikang, Barapang, Kurabang, Bakoringku, and Mangtaa – the five major clans of the Panguna Mine, in a summit since Monday.
The 3-day summit at Tunuru outside Arawa Town, ended on Wednesday with the signing of a resolution, agreeing that the mine will be reopened.
Specifics of the reopening and re-development of the once, world’s biggest copper mine will be discussed in separate follow up meetings at a later date.
President Ishmael Toroama and his government had been pushing for the reopening, saying Panguna is the only economic guarantee that can propel Bougainville forward to be economically ready when the independence window opens between 2025 and 2027.
Speaking at the close of the summit, President Toroama congratulated the people and thanked them for their bold decision to have the mine reopened to facilitate Bougainville’s walk towards independence.
NBC News- Kelvin Kaspar (Buka)
Read more news and stories here. Watch online news and documentaries about Papua New Guinea here.
Hundreds of concerned investors gathered outside Faith-G offices across PNG on February 23, 2026, demanding refunds. With no response from company officials, tensions are rising as reports emerge that the CEO may be on the run.
Lieutenant Colonel Nancy Wii has made history as the first female Commanding Officer in the PNG Defence Force’s Air Transport Wing, setting a powerful example for women across Papua New Guinea.
Papua New Guinea’s inclusion on the FATF grey list highlights weaknesses in enforcement systems against financial crime. The need for stronger government coordination, transparency in company ownership, and firm anti-corruption measures to achieve removal from the list.
The Chief Justice of Papua New Guinea has called for stronger, fairer laws, warning that some current legislation may not serve the national interest. He urged lawmakers to ensure that all laws are clear, enforceable, and designed for the benefit of all citizens.