Singaporean Firm Ventures into Mining in Papua New Guinea>

Summary:
A Singaporean heavy equipment manufacturer, Powerplus Group, has entered the mining industry in Papua New Guinea through its subsidiary, Niugini Resources and Investments. The subsidiary received a license in the last quarter of 2023 to explore and mine copper, gold, and manganese in an area nearly the size of Singapore (around 700 square kilometers). This move aligns Powerplus Group with Chinese, Australian, and other miners who are also tapping into Papua New Guinea’s resource-rich landscape, despite recent civil unrest in the country.