MRA attends S. African mining meeting
MINERAL Resources Authority (MRA) showed at the Mining Indaba Conference 2013 in Cape Town, South Africa, last week that it has the capability to facilitate South African mining investment in Papua New Guinea.
MRA used the conference to send out this message through a presentation to potential investors who attended the meeting.
The aim was to encourage more South African companies to invest in the country and to show that PNG had the experience and ability to support them if they invested.
Acting executive manager of the geological survey division Nathan Mosusu gave an overview of South African mining giant Harmony Gold, a joint venture with Newcrest Mining of Australia to operate Morobe Mining Joint Venture (MMJV) in Morobe.
He demonstrated how the PNG government was facilitating Harmony Gold’s business interest in the country and that if there were other South African companies interested in entering PNG market, they would be given similar level of support.
Mosusu said PNG had strong and stable regulatory and policy mechanisms and processes to facilitate future potential investments from South Africa.
These include favourable mining fiscal regimes such as low income tax on income and dividend.
MRA had a display booth where promotional materials like brochures, geological data and information on regulatory and policy requirements were distributed.
There were a lot of enquiries at the PNG booth relating to PNG’s geology, mining policies and regulations, and the political situation in the country.