Panguna mine
Copper ore concentrator undergoing construction, c. 1971 | |
Panguna mine | |
| Location | |
|---|---|
| Autonomous Region of Bougainville | |
| Country | Papua New Guinea |
| Coordinates | 6°18′54″S 155°29′42″E / 6.315°S 155.495°E |
| Production | |
| Products | |
| Type | Open pit |
| History | |
| Opened | 1972 |
| Closed | 1989 |
| Owner | |
| Company | Bougainville Copper |
The Panguna mine is a large copper mine located in Bougainville, Papua New Guinea, formerly operated by Bougainville Copper Ltd. Panguna represents one of the largest copper reserves in Papua New Guinea and in the world, having an estimated remaining reserve of 5.3 billion tonnes of ore copper and almost 20 million ounces of gold.
The mine has been closed since 1989, although there are active proposals to reopen it.