Authors :
Kaepae Ken Ail
Volume/Issue :
Volume 8 - 2023, Issue 9 - September
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/57fdk847
DOI :
https://doi.org/10.5281/zenodo.8355332
Abstract :
The article provides some perspectives on the
undeveloped Wafi copper-gold project, the option to re-
open the troublesome Porgera gold mine and extension of
Ok Tedi copper-gold mine. The existing Ok Tedi and the
proposed Wafi have been megaprojects that could make
substantial economic impacts on the economy of Papua
New Guinea (PNG). The importance of prioritising these
projects was that their total net ground values could be
about 80 billion US dollars; and generate some 30 billion
dollars in taxes, royalty and dividends in the next 20
years. The benefit distributions estimated comprised of
direct revenue only and the method used did not capture
the indirect benefits (employment and contracts). As
such, predicting the value chain distribution could assist
the government to timely make informed policy choices
based on merits of individual mining projects under
consideration as PNG continues to face unprecedented
economic and social challenges.
Keywords :
Megaprojects, timely, resource revenue, direct and indirect benefits, value chain distribution, economic and social benefits.
The article provides some perspectives on the
undeveloped Wafi copper-gold project, the option to re-
open the troublesome Porgera gold mine and extension of
Ok Tedi copper-gold mine. The existing Ok Tedi and the
proposed Wafi have been megaprojects that could make
substantial economic impacts on the economy of Papua
New Guinea (PNG). The importance of prioritising these
projects was that their total net ground values could be
about 80 billion US dollars; and generate some 30 billion
dollars in taxes, royalty and dividends in the next 20
years. The benefit distributions estimated comprised of
direct revenue only and the method used did not capture
the indirect benefits (employment and contracts). As
such, predicting the value chain distribution could assist
the government to timely make informed policy choices
based on merits of individual mining projects under
consideration as PNG continues to face unprecedented
economic and social challenges.
Keywords :
Megaprojects, timely, resource revenue, direct and indirect benefits, value chain distribution, economic and social benefits.
