Numa Numa Resources Inc. is making progress on infrastructure development in the Autonomous Region of Bougainville, aiming to support both mining projects and long-term economic recovery. The company is constructing what it describes as the first east-west road across Bougainville's central mining district since before the civil conflict. Additionally, Numa Numa has been authorized to conduct feasibility studies for a renewable energy-based electric utility to help restore power to the Panguna region.
These initiatives are part of a broader strategy that integrates infrastructure, community collaboration, and sustainable growth. The company is working with customary landowners to advance a potential copper and gold resource opportunity, reflecting a trend in the mining industry toward combining resource development with regional infrastructure investment.
Bougainville is known for the Panguna Mine, which was the largest open-cut copper and gold mine in the world when it operated from 1972 to 1989 before being shut down due to a civil war, referred to as “the Crisis,” between Bougainville and Papua New Guinea. The 2001 Bougainville Peace Agreement ended the war and granted Bougainville limited autonomy, including its own constitution, under which ownership of the mine reverted to its customary landowners. A majority of the Panguna Mine's copper, gold, and silver ore resources remain within its walls, making it one of the largest ore bodies in the world, today valued at approximately $100 billion. Many geologists believe other nearby locations, such as Mainoki and Karato, are highly prospective and may contain ore deposits similar in size and scale to those of the Panguna Mine.
The company's management has lived and worked in Bougainville for ten years, and Numa Numa is headquartered in the region. The infrastructure work, including the road construction and renewable energy feasibility study, aims to address long-standing needs in the area and create conditions for economic development beyond mining.
For more information, the full article is available at https://ibn.fm/U82Es and the company's newsroom at https://ibn.fm/NUMAA.
