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Date| Source & Author| Issue| statistical data| Appropriate strategies to address the issue|
13/05/12| The National| PNG non-mineral exports to fall| | |
16/05/12|  SHARON E BARNABAS |  KAML makes occur of K529,765| | |

PNG non-mineral exports to fall
EXPORT revenues from most of Papua New Guineas non-mineral exports will fall this year. This is because of the export commodities falling prices in the atomic number 18a market and a drop in end product,  according to the globalist Monetary Fund (IMF) in the September issue of its goodness price forecasts.
The decrease in prices, however, is only for the short-term and reflects the downswing in global economic activity, according to the Bank of PNG.
The banks state the liquefied natural gas (LNG) project was  not considered in the current projections until more concrete details become available.
At the end of this year, the gross foreign exchange reserves are communicate to be around K6,305.4 million, sufficient for 7.8 months of total imports and 12.4 months of non-mineral imports.




In the four-page advertorial on Wednesday, Central Bank Governor Sir Wilson said the objurgate in the volumes of most of PNGs major non-mineral commodities, palm fossil oil being the only exception, was mainly due to lower production as a supply response to lower international prices.
He said the same was also true of the spheres mineral sector, adding that except for prosperous, export volumes for the other mineral commodities were also projected to decline compared to 2008.
The decline in copper color exports reflects the maintenance work on one of Ok Tedis processing plants, lower ore grades and delays in shipment.
The increase in gold production is due to the upgrading of the processing plant at the Lihir mine, the starting line of production at the Simberi and Hidden Valley mines and the mining of high ore grades from existing mines.
The export volumes of the mining sector are projected to increase in the medium-term mainly due to the...If you want to get a full essay, order it on our website: Ordercustompaper.com



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