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In addition to several mechanised alluvial mining projects, there are about 60,000 small-scale gold miners, who work as individuals, family or clan groups in Papua New Guinea. Small-scale mining is estimated to produce about four tonnes of gold annually.
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SMALL SCALE GOLD MINING AND MARKETING IN PAPUA NEW GUINEA
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In a move likely aimed at giving it an advantage over private sector banks in the digital banking market, the State Bank of India (SBI) waived the Merchant Discount Rate (MDR) for small merchants. The Merchant Discount Rate (MDR) is the commission paid to the bank for every transaction made by the user.