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Opinion

Papua New Guinea's planned gold monopoly will weigh economy down

Key export sector to be damaged by deal with mysterious Singapore company

| Papua New Guinea
A refinery in Marin, Switzerland: Mines in Papua New Guinea now send their gold overseas for processing.    © Reuters

Carolyn Blacklock is founder and principal at Ipsum Pacific, a strategic consultancy advising Pacific governments and state-owned companies. She previously served as managing director of electric utility PNG Power, and as a special adviser to the prime minister of Papua New Guinea.

Gold has long been one of Papua New Guinea's top exports but its vital contribution to the country's economy is now at risk.

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