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FAQ: Numa Numa Resources' Mining Operations and Economic Development in Bougainville
TL;DR
Numa Numa Resources gains a strategic advantage by redeveloping the Panguna Mine's copper and gold resources alongside valuable infrastructure assets in Bougainville.
Numa Numa redevelops the Panguna Mine by refurbishing existing infrastructure and operating the Manetai lime quarry to separate gold from copper in concentrators.
Numa Numa's initiatives in Bougainville will enable local prosperity and independence through economic development and resource management.
The Panguna Mine in Bougainville contains massive copper and gold deposits and was once one of the world's largest open-cut mines.
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Numa Numa Resources is redeveloping the Panguna Mine for copper and gold extraction and working on infrastructure projects like the Manetai lime quarrying and calcination project, which are essential for mineral processing and economic rebuilding.
The Panguna Mine was one of the largest open-cut copper and gold mines in the world when it operated from 1972 to 1989 and contains massive amounts of copper and gold, along with attractive infrastructure assets that can be refurbished and utilized.
The company and its management team have been developing operations in the Autonomous Region of Bougainville for the last 10 years.
This is a key infrastructure asset necessary for separating gold from copper in a concentrator and represents an important element in rebuilding Bougainville's economy.
The company's initiatives will enable Bougainvilleans to achieve both prosperity and independence through economic development and resource utilization.
The company is working with landowner partners in the redevelopment of the Panguna Mine and its other operations in Bougainville.
All operations are located in the Autonomous Region of Bougainville, which is currently a political unit of Papua New Guinea in the South Pacific.
Bougainville is a resource-rich South Pacific archipelago with spectacular potential, particularly known for the Panguna Mine's massive copper and gold deposits.
The latest news and updates are available in the company's newsroom at https://ibn.fm/NUMA.
The Panguna Mine was developed by Rio Tinto and operated from 1972 to 1989 before being shuttered due to a civil war between Bougainville and Papua New Guinea.
Curated from InvestorBrandNetwork (IBN)
