Editing Economy of Papua New Guinea (section)

==Mineral resources==
{{main|Mining in Papua New Guinea}}
In 1999, mineral production accounted for 26.3% of [[gross domestic product]]. Government revenues and foreign exchange earning minerals. Copper and gold mines are currently in production at [[Porgera]], [[Ok Tedi]], [[Misima Island|Misima]], [[Lihir Island|Lihir]], [[Simberi Island|Simberi]]<ref name="mpi">{{cite web|url=http://www.mining-technology.com/projects/simberi-gold-mine-simberi-island/|title=Simberi Gold Mine, Simberi Island, Papua New Guinea|publisher=mining-technology.com|access-date=17 September 2017}}</ref> and Hidden Valley.<ref name="hv">{{cite web|url=https://www.harmony.co.za/our-business/our-operations/hidden-valley?highlight=YTo0OntpOjA7czo2OiJoaWRkZW4iO2k6MTtzOjY6InZhbGxleSI7aToyO3M6ODoidmFsbGV5J3MiO2k6MztzOjEzOiJoaWRkZW4gdmFsbGV5Ijt9 |title=Hidden Valley |year=2016 |publisher=Harmony Gold Mining Company Limited |access-date=19 January 2017 }}</ref> As of 2014, talks of resuming mining operations in the Panguna mine have also resurfaced, with the Autonomous Bougainville Government and National Government of Papua New Guinea expressing interest in restarting mining operations in the area.<ref>{{cite web |url=http://www.bcl.com.pg/about-us/about-the-company/ |title=Bougainville Copper Limited |access-date=24 August 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150923182900/http://www.bcl.com.pg/about-us/about-the-company/ |archive-date=23 September 2015}}</ref>

New nickel, copper and gold projects have been identified and are awaiting a rise in commodity prices to begin development. At early 2011, there are confirmation that [[Mount Suckling]] project has found at least two new large highly prospective [[Porphyritic|porphyry]] bodies at [[Araboro Creek]] and [[Ioleu Creek]].<ref>http://www.asiaminer.com/magazine/current-news/news-archive/130-january-2011/3171-papua-new-guinea-new-mt-suckling-porphyries.html {{failed verification|date=February 2016}}<!--website changed, not in Wayback Machine--></ref> A consortium led by [[Chevron Corporation|Chevron]] is producing and exporting oil from the [[Southern Highlands Province]] of Papua New Guinea. In 2001, it expects to begin the commercialization of the country's estimated 640&nbsp;km<sup>3</sup> (23 [[1000000000000 (number)|trillion]] cubic feet) of natural gas reserves through the construction of a gas pipeline from Papua New Guinea to [[Queensland, Australia]]. The project was shelved.

In 2019, the country was the 8th largest world producer of [[cobalt]],<ref>{{Cite web|url=https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-cobalt.pdf|title=USGS Cobalt Production Statistics}}</ref> and the 15th largest world producer of [[gold]].<ref>{{Cite web|url=https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-gold.pdf|title=USGS Gold Production Statistics}}</ref> In the production of [[silver]], in 2017 the country produced 90 tons.<ref>{{Cite web|url=https://www.ceicdata.com/en/indicator/papua-new-guinea/silver-production|title=Papua New Guinea Silver Production, 1986 – 2024 &#124; CEIC Data|website=www.ceicdata.com}}</ref>