Marape reiterates PNG’s long-term resource potential to Japanese partners

Prime Minister James Marape has reaffirmed Papua New Guinea’s long-term commitment to mineral and energy production, assuring Japanese investors of strong prospects for the next 40 to 50 years.

Speaking at the PNG Mining Seminar in Tokyo, Prime Minister Marape highlighted Frieda River Mine, located about 80 kilometres north of OK Tedi, as a promising project poised to support Japan’s supply chain well into the future.

“PNG will continue to produce minerals for the next 40 to 50 years for the benefit of our consumers, clients, and partners in Japan,” Marape stated.

He also outlined progress on the Wafi-Golpu Gold and Copper Mine, one of the country's largest upcoming mining projects, with a Special Mining Lease [SML] expected to be issued this year.

He said 30% equity will be allocated to Kumul Minerals Holdings Limited [KMHL], encouraging investors to partner with a trusted and transparent system.

“This opportunity is open to all of you involved in sourcing products from our mineral sector,” he said.

Meanwhile, on energy, Marape reminded participants that PNG is also a well-established oil and gas producer.

“In 2014, I was part of the leadership team that delivered the first gas shipment to Tokyo. We remain a robust democracy, despite the headlines, and continue to deliver for our partners,” he said.

He extended gratitude to the co-hosts of the seminar, Japan Organization for Metals and Energy Security [JOGMEC] and Japan International Cooperation Agency [JICA], particularly acknowledging JICA Vice President Mr Hiroo Tanaka.

“JICA has invested over K6 billion in PNG since 1974 even before independence. Thank you for your persistent and unwavering support,” Marape said.

The Prime Minister also paid tribute to the Japan Bank of International Cooperation [JBIC] for its foundational support from the early days of OK Tedi and PNG LNG, now continuing with Papua LNG.

“More than 50% of OK Tedi’s production goes to Japan. You are not just buyers but long-standing partners.”