Panguna mine at centre of bloody Bougainville conflict set to reopen after 30 years
Local government hopes reopening of mine – once world’s most profitable – will support bid for independence from Papua New Guinea
The mine at the centre of the decade-long civil war between rebels in Bougainville and Papua New Guinea security forces is set to reopen 30 years after it was forced to close, following an agreement between local landowners.
Panguna was once one of the world’s largest and most profitable copper and goldmines and still contains an estimated 5.3m tons of copper and 19.3m ounces of gold, which would make the reserves worth about $60bn at today’s prices.
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