PNG ranks low as place for mining investment

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Updated February 25, 2009 17:18:58

Papua New Guinea has again ranked in the bottom five nations as a place to invest for mining. That's according to the index produced by Beare Dolbear one of the oldest mineral consultancy companies in the world. The 2009 'Where NOT to do Business Report' ranked 25 major mining countries giving them scores out of 10 on a range of economic, political and social measures. Overall, Papua New Guinea came in 21st place immediately below Zambia, Kazakstan, and South Arfrica. It ranked last on the way it handles social issues and on mine permitting delays, and second last on corruption. Jemima Garrett asked Beare Dolbear's President and Chief Executive Officer, Reinis Sipols why PNG's ranking has failed to improve.

presenter: Jemima Garrett
Speaker: Reinis Sipols, the President and Chief Executive Officer of the international Mining consultancy company, Beare Dolbear

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