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🟡 K370M in Gold Lost Annually at Porgera Mine
New Porgera Mining Limited (NPL) reports that around 20,000 ounces of gold (~K370 million / US$86 million) are lost each year due to illegal mining at the Porgera Special Mining Lease in Papua New Guinea. Security concerns and unregulated operations are putting both workers and the local mining economy at risk.
• Illegal mining scale: 20,000 oz/year lost
• Economic impact: ~K370 million annually
• Action taken: Joint military and police operations to curb unregulated mining
Expert insight: Illegal mining continues to pose a serious threat to gold revenue, investor confidence, and community safety in PNG.
#PorgeraGold #PNGMining #PNGMining #IllegalMining #NPL $PAXG
New Porgera Mining Limited (NPL) reports that around 20,000 ounces of gold (~K370 million / US$86 million) are lost each year due to illegal mining at the Porgera Special Mining Lease in Papua New Guinea. Security concerns and unregulated operations are putting both workers and the local mining economy at risk.
• Illegal mining scale: 20,000 oz/year lost
• Economic impact: ~K370 million annually
• Action taken: Joint military and police operations to curb unregulated mining
Expert insight: Illegal mining continues to pose a serious threat to gold revenue, investor confidence, and community safety in PNG.
#PorgeraGold #PNGMining #PNGMining #IllegalMining #NPL $PAXG
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