Panguna Mine: Target to Grow Economy
To grow its economy, the new Autonomous Bougainville Government has looked at the Panguna mine as a key target. According to Bougainville President Ishmael Toroama, aside from Panguna, the government is also looking at other factors such as projects in agriculture, mining, fisheries, and tourism - that generates revenues and increases employment in Bougainville.
Toroama also said that the government has welcomed foreign investment for the reasons that outside funding and technology can help in furthering the advancement of Bougainville’s natural resources. Of course, as the President has said, this comes with fair share and participation through equity and shareholding in large scale projects.
This also means that people control the medium to small enterprise sector.
The new government is also looking at other policies in fulfilling these programs under an Economic Development Plan.