K92 Mining Inc. announces production results for the first quarter (“ Q1 ”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 21,488 oz AuEq or 17,593 oz gold, 1,651,297 lbs copper and 29,859 oz silver. Sales during the first quarter were 17,602 oz gold, 1,538,590 lbs copper and 29,164 oz silver. During the first quarter, the process plant deli...
Photo credit: Wafi-Golpu JV Wafi-Golpu Joint Venture (WGJV) participants, Newcrest and Harmony Gold (through their respective PNG subsidiaries) have today signed a Framework Memorandum of Understanding (MOU) with the Independent State of Papua New Guinea at a signing ceremony which was attended by the Governor General, the Prime Minister and key member...
Photo: President of the PNG Chamber of Mines and Petroleum Mr Anthony Smaré Last year, the 16th Papua New Guinea Mining and Petroleum Investment Conference and Exhibition was held from 5th to 7th of December 2022 at Sydney Hilton Hotel. The event was hosted by the Papua New Guinea Chamber of Mines and Petroleum with the theme "PNG Resources: Securing t...
Photo: Barrick Executives, PNG National Executive Council and the Governor General Sir Bob Dadae (center) at the Goverment House following the NPPA signing. Barrick Gold Corporation – The government of Papua New Guinea, Barrick Niugini Limited and New Porgera Limited today signed an agreement to progress with the resumption of operations at the Porgera...
Photo credit: Deep Sea Mining Finance Ltd The Government of Papua New Guinea plans to re-open discussions with Deep Sea Mining Finance Ltd (DSMF) regarding the potential for mining minerals in the Bismarck Sea off the west coast of Namatanai, New Ireland. DSMF had previously acquired Nautilus Minerals, which had shown interest in deep sea mining in the...
Photo credit: The Pick Lole Mining Limited, the new developer of the Tolukuma Gold Mine in Central Province, has recently developed an initial public offering (IPO) to be listed on the Australian Stock Exchange. Mineral Resource Authority managing director, Jerry Garry, told the Post Courier, "The company will be raising their capital from the stock ma...
Photo: William Duma in Parliament The Wafi-Golpu Gold Mine project in Bulolo district of Morobe Province is expected to become a key economic driver for the Ramu 2 Hydro project, which will span the Eastern Highlands and Morobe provinces. During a recent parliamentary session, State Enterprise Minister William Duma gave this assurance in response to qu...
The Tolukuma Mine in Central Province is set to reopen its mining operations after years of closure. However, local communities affected by the mine's previous operations are still concerned about environmental issues that may arise. The local MP for Kairuku, Peter Isoaimo, welcomed the news of the mine's reopening but expressed his constituents' concerns...
Photo credit: EMTV Kumul Minerals Holdings Ltd (KMHL) has made a significant contribution to the State, paying K105 million in dividends. The payment was handed over to State Enterprises Minister William Duma by KMHL Chairman Dr Ila Temu. Speaking about the dividend payment, Dr Temu said, "Kumul Minerals hold 67 per cent in Ok Tedi, through the Governm...
Photo: Looking back: Happy memories with the locals at Yandera, Madang Province in 2014. From 2006 until 2014, the Yandera Project was owned and managed by the Australian company, Marengo Mining Limited, with Mr Les Emery as their CEO. (Photo credits: Mr Les Emery) The Yandera Project in Madang Province, PNG, is considered to be one of the world's larg...
Photo: Kedi Ilimbit The Ok Tedi Mining Limited Board of Directors has appointed Kedi Ilimbit as the Acting CEO of the Company at its meeting on Wednesday 08th March. The appointment is in accordance with Mr Ilimbit’ s current position as the Deputy CEO and General Manager Community & Operations Support. The OTML Board acknowledges Mark Thomps...
The landowners of the Wafi-Golpu mine have issued a 14-day ultimatum to the government to respond to their grievances regarding the Infrastructure Development Grant (IDG) for this year, in which the state has allocated K100 million to the impact areas in the vicinity of the mine. The landowners, who arrived from Lae, have been in Port Moresby for over ...
Photo: Panguna Mine - Credit: Ilya Gridneff/AAP The Department of Mineral and Energy Resources (DoMER) has set its strategic objectives for the next five years, according to Secretary Mr. Peter Kolotein. These are being captured in the Bougainville Integrated Strategic Development Plan (BISDP) 2023-2027 and the DOMER Strategic Plan 2023-2027 to be l...
Photo: Ramu Nickel project women landowners receiving funding assistance from MRA Women landowners of mining projects in the country, will be given more recognition in terms of business opportunities from mine derived benefits going forward, said Acting Managing Director of the Mineral Resources Authority (MRA), Jerry Garry. Mr Garry was speaking d...
Photo: OTML Acting Chief Executive Officer Mark Thompson (fourth-left), General Manager Mining Derrick Kelly (far- right) with H.E Supandy and MP James Donald (centre) after the mine tour. The Ambassador of Indonesia to Papua New Guinea and Solomon Islands, His Excellency Andriana Supandy, recently visited the Ok Tedi mine on February 22. Ambassador...
Photo credit: Morobe Governor Luther Wenge Facebook page Morobe Governor Luther Wenge has expressed frustration at the slow pace of negotiations regarding the Wafi-Golpu project, a gold-copper mining project worth billions of Kina. According to Wenge, "the provincial government’s position is clear: mining must go ahead. We can sort everything else late...
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