- The Autonomous Bougainville Government granted development authority in Panguna, allowing Lloyds Metals & Energy Limited to launch drilling operations under the ELO1 license.
- A plan for mine redevelopment and local control was announced, linking the plan to regional economic goals.
The President of Papua New Guinea chose to reopen the long-shuttered Panguna mine, which is located within the country. An Indian firm is involved in the reopening preparations.
1 report, 1 independent
Updated Sep 14
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What happened
The President of Papua New Guinea chose to reopen the long-shuttered Panguna mine, which is located within the country. An Indian firm is involved in the reopening preparations.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Panguna mine is undergoing redevelopment plans led by Lloyds Panguna Metals and Energy Limited (LPMEL), with Ishmael Toroama authorizing preparatory works.Sub-event
President orders reopening of Panguna mine; Indian firm preparing to take over operations.1 source
Keep exploring
Part of
A plan for mine redevelopment and local control was announced, linking the plan to regional economic goals.Also in this story
- A peace agreement regarding the Panguna mine redevelopment was announced on August 1, 2026, mediated by New Zealand.
- Ishmael Toroama accepted an offer to buy into the Panguna mine.
The entities involved
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Panguna
Town in Bougainville, Papua New Guinea
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Papua New Guinea
country in Oceania
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Ishmael Toroama
Bougainvillean politician
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