Warden’s Hearing for the Porgera Mine has been successfully concluded. The hearing was held at Paiam Oval in Porgera on July 31, and in Tari Town Square Hela Province on Aug 1, with regards to the Special Mining Lease (SML) 13 and 15 supporting tenements. Major stakeholders to the hearing process were the impacted landowners and the applicant New Po...

Barrick Gold Corporation is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event a...

The Independent Consumer and Competition Commission (ICCC) has given the Newmont Corporation the green light to proceed with its proposed acquisition of Newcrest Mining Ltd. Newmont's Chief Executive Officer, Tom Palmer, expressed his appreciation to the ICCC in PNG for their meticulous review and clearance of the acquisition proposal for Newcrest, paving...

K92 Mining Inc. is pleased to announce that the Board of Directors has authorized the Company’s award of the engineering, procurement, construction and commissioning (“ EPC ”) Lump Sum Contract for the 1.2 million-tonnes-per-annum (“ mtpa ”) Stage 3 Expansion Process Plant to GR Engineering Services Limited (“ GRES ”) following a tender process. The EP...

The PNG Chamber of Mines and Petroleum (“the Chamber”) is pleased to welcome on board Touchstone NDT Limited as its newest member. As a new service member Touchstone NDT Limited like all other service members can participate in Chamber events at discounted offers which adds more value to their business by networking with other service members as well a...

The first step towards reopening of the new Porgera Mine has started today following a Security Forum where leaders and security forces appealed to warring tribes surrounding the mine to stop their tribal conflicts, which affects the mine, businesses and the Porgera Valley. “The National Government is working day and night to ensure the mine is reopene...

President and CEO of Barrick Gold Corporation, Mark Bristow, has on Monday (17.07.23) met with Prime Minister Hon. James Marape to discuss recent progress and the status of the matters remaining to be completed in anticipation of the reopening of Porgera Mine. Prime Minister Marape welcomed Mr Bristow’s statement that Barrick was committed to PNG “for ...

K92 Mining Inc. is pleased to announce production results for the second quarter (“ Q2 ”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 30,794 oz AuEq or 27,405 oz gold, 1,526,547 lbs copper and 34,001 oz silver, representing an increase of 18% from Q2 2022 and 43% from Q1 2023, respectively. Sales during the quarter were 28,141 oz gold, 1,657...

The Government of Papua New Guinea, through the Mineral Resources Authority, has granted six exploration licenses to PanAust, the parent company of Frieda River Limited. Mining Minister, Sir Ano Pala, stated, "The approval of these exploration licenses is a demonstration of the government's commitment to move the Frieda River Project forward." PanAu...

Minister for International Trade and Investment, Hon. Richard Maru says there will be no merger between the Newcrest Mining Limited and the Newmont Corporation unless the National Interest Test requirements are met. Minister Maru said this recently in his meeting with the high-level Executives of Newcrest Mining and Newmont Corporation including the Presi...

First revenues from the CCL project expected in 1H CY2024. Mayur Resources Limited is pleased to advise that it has commenced pioneering and site enabling construction works at its Central Cement & Lime Project (the CCL Project) in the Central Province of Papua New Guinea. Construction crew, mobile machinery, and building materials arrived at th...

K92 Mining Inc. is pleased to announce that the Company has set its inaugural energy and greenhouse gas (“GHG”) emissions reduction target as part of its ongoing overall sustainability commitments. After completing detailed energy and GHG forecasts for its Stage 3 and Stage 4 Expansions, and identifying opportunities for energy reductions, the Company ...

Prime Minister Hon. James Marape has recently commended Barrick Niugini Limited for agreeing to pay the base tax that has been an outstanding issue for some time. In doing so, the Prime Minister also conveyed his high commendations to Barrick for its steadfastness in reopening the mine and open-mindedness in its negotiations with the government on reve...

Barrick (Niugini) Limited (BNL) and the Internal Revenue Commission of Papua New Guinea (IRC) are pleased to announce that BNL, Barrick Gold Corporation, and the IRC have settled all disputes and issues relating to old Porgera tax matters on terms satisfactory to the parties. Although BNL and Barrick had the option of appealing the objection assessment...

Photo: Porgera gold mine in PNG's Enga Province (Barrick) The PNG Chamber of Mines and Petroleum (“the Chamber”) congratulates the Internal Revenue Commission (IRC) and Barrick (Niugini) Limited (BNL) on settling all disputes and issues relating to old Porgera tax matters. This follows the announcement of a Deed of Settlement earlier this week, sign...

Photo: Operations continue at the OTML Mine. Ok Tedi Mining Limited (OTML) brings 100% of its sales revenue into the country and provides an average of more than US$600 Million in foreign currency annually into the Papua New Guinea market. This year, the Company has already provided US$272 Million into the PNG market as at June 20th. In 2022, OTML s...