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The nickel SEZ at Weda Bay alone created 80,000 direct jobs and 12,000 oblique jobs—more jobs than PNG’s whole mining and petroleum industries combined. In 2022, funding in downstream mining surged to nearly US$9.2 billion, in comparison with US$4.1 billion in 2019,” Maru noted, emphasising the numerous function these investments have played in Indonesia’s mining business. The Indonesian Government has really helpful that PNG undertake an identical strategy and implement a ban on uncooked material exports. “Our authorities has already declared its intention to pursue downstream processing, and we don’t have to reinvent the wheel. Indonesia is right next door, ready to share its experience and provide help,” mentioned Minister Maru.
Minister Maru remarked, “Indonesia’s economic system has grown tenfold over the last 20 years, pushed partially by the government’s coverage of banning raw material exports. Minister Maru added, “While Indonesia has historically relied on imports of manufactured items, superior know-how, and technical skills, it has efficiently transitioned from a main sector economy to a minimal of one targeted on secondary and tertiary industries. “Downstream processing has been extremely successful in Indonesia, creating 1000’s of jobs, transferring higher-value abilities, and introducing advanced technological processes.
