PNG CORE President Anthony Smaré stated lately that PNG advantages from one of many strongest gold production monitoring regimes on the earth and PNG should really feel pleased with its current regime in place. “PNG’s mining industry adheres to a really rigorous standard and comprehensive scrutiny by authorities businesses to ensure transparency and accountability in gold production and all of PNG’s operating mines have been compliant to these reporting requirements and scrutiny. As of 2020, MRA makes use of a stay data monitoring digital platform which enables the authority and the federal government real-time data on mineral knowledge and operations of all major mines in operation within the country. The mines pay MRA over K50m in levies every year to guarantee that the MRA is funded to implement its regulatory function. In addition to the intensive authorities oversight, the industry also subjects itself to several independent verifications of gold high quality and quantity via various third-party professional service providers similar to assayers and inventory exchange necessities.
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