Mineral exploration expenditure has been in steady decline. In an attempt to revitalise the mineral sector, the Papua New Guinea government reduced the income and dividend withholding tax levels for mining companies.

Investment incentives are available to legitimate investors. This includes duty-free entry of plant and equipment (if not manufactured or available in Papua New Guinea). In general, the cost of doing business in Papua New Guinea is high and the investment environment is considered risky. This risk is associated with government policy changes, law and order issues, poor infrastructure and inefficient bureaucracy.

Australian banks, law firms and accountants are a ready source of investment advice and should be approached before any investment decision is taken.

The Investment Promotion Authority (IPA) of Papua New Guinea, as well as the Papua New Guinea Department of Mining can provide specific information relating to mining investment.

A significant proportion of mining personnel in Papua New Guinea are Australian and therefore use Australian products and services with which they are familiar. Regular air and shipping services, particularly from Queensland ports, facilitate this supply.

for more you can visited austrade.gov.au