Global study finds PNG economy more gold-focussed than any other | Pacific Beat

Global study finds PNG economy more gold-focussed than any other

Global study finds PNG economy more gold-focussed than any other

Updated 17 October 2013, 19:41 AEDT

Gold mining contributes a higher proportion of economic activity in Papua New Guinea than it does in any other major mining country in the world, according to a ground-breaking new report on 'The Direct Economic Impact of Gold'.

The independent report, by PriceWaterhouseCoopers, was commissioned by the London-based World Gold Council and is the first to examine the whole value chain for gold. It shows that in 2012 gold contributed 15 per cent of PNG's Gross Domestic Product. Ghana and Tanzania were next, with gold adding 8 per cent and 6 per cent to total economic activty.

Presenter: Jemima Garrett

Terry Heymann, Director of the World Gold Council's Director for Development

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