Canada’s Island Passage Exploration Enters Phase Four of Papua New Guinea Exploration Project

A Canadian mining company, Island Passage Exploration (IPX), has begun phase four of an exploration project in the autonomous region of Bougainville, Papua New Guinea. The move marks a significant development in the region’s efforts to revive its once-giant copper mine, Panguna.

Background and Current State

Canadian miner IPX has secured 70 percent of Isina Resource Holdings, a company controlled by local landowners. Since then, they have been exploring 261 square kilometers in the Crown Prince Range in Central Bougainville, approximately nine kilometers southeast of the shutdown Panguna mine.

Environmental and Human Rights Concerns

The company behind Panguna, Bougainville Copper Ltd, is seeking to reopen the mine, but concerns persist regarding environmental and human rights violations committed by previous owners. A report detailing these impacts is set to be made public shortly, shedding light on the ongoing issues.

IPX’s Vision for Bougainville

In a bid to foster peace and safety in the region, IPX aims to relaunch systematic modern copper-gold exploration in Bougainville. The company asserts that phase four of its project has shown promise, with gold, silver, copper, molybdenum, and base metals discovered within the exploration site.

Key Facts

– Island Passage Exploration (IPX) is conducting phase four of an exploration project in Bougainville.
– IPX holds 70 percent of Isina Resource Holdings, a company controlled by local landowners.
– The company has been exploring 261 square kilometers in the Crown Prince Range in Central Bougainville.

Conclusion

Canada’s Island Passage Exploration is taking steps to revive exploration activities in Papua New Guinea. However, concerns surrounding environmental and human rights violations remain an issue for the region. As IPX seeks to promote peace and safety through its efforts, it will be crucial to address these concerns moving forward.