According to Sir Peter Ipatas, the re-elected governor of Enga province, Mineral Resources Enga will not be rushed into signing the shareholders agreement. He said they do not want to rush the signing and will only sign when they are satisfied with a better deal. They are negotiating to get a better price, he claimed. “For years, the company has bee...

Photo credit: Geopacific Resources - Figure 1: Mining Lease exploration target areas Geopacific Resources Limited is pleased to provide an update on its exploration drilling campaign at the Woodlark Gold Project. Highlights  Drill holes in to the Talpos and Watou targets generated several positive results including:  Talpos  TARC220...

Geopacific Resources Limited (‘Geopacific’ or ‘the Company’; ASX: GPR) is pleased to provide an update on its activities and cashflow for the quarter ended 30 June 2022. Highlights  Trading recommenced on the ASX on 31 May 2022 following the implementation of an intensive business transformation program in response to the previously identified ma...

Photo credit: Kingston Resources Kingston Managing Director, Andrew Corbett, said: “The June quarter has been another period of significant activity, with the headline being the announcement of Misima’s much anticipated DFS results confirming the Project’s potential for a large-scale, long-life, low-cost gold mine. The DFS delivered total production of...

St Barbara Managing Director and CEO Craig Jetson said, “St Barbara has finished the year strongly, achieving both our production and cost guidance at a site and group level for FY22. Against the headwinds of cost inflation and COVID-19 impacts on our workforce availability as well as associated travel restrictions this is a rewarding result. It was achie...

Photo: Barrick Logo Barrick (Niugini) Limited (BNL), in response to a recent media article that the Port Moresby BNL office would operate out of Perth, Australia, is not accurate. BNL would like to clarify that the Port Moresby Office will continue to be the Head of Country office for its operations in Papua New Guinea, after the incorporation of New P...

Following the overland belt failure earlier this year, the Hidden Valley mine has resumed full operation, according to CEO Peter Steenkamp. Following the event, full production of the Morobe project, operated by Harmony Gold Mining Company Ltd., has resumed. This was emphasised by Steenkamp in the company's financial year report that ended on June 3...

Barrick Gold Corporation president and CEO Mark Bristow was in Porgera recently to meet with project area landowners and business, church and community representatives. Approximately project-impacted 50 landowners representing areas affected by the Special Mining Lease (SML), Lease for Mining Purpose (LMP), Porgera Landowners Association (PLOA) and Min...

Barrick Gold President and Chief Executive Officer Mark Bristow arrived in Port Moresby this afternoon as a part of his regular quarterly visits to all Barrick operations globally. During his 3-day visit to PNG, Mr Bristow will meet with the Prime Minister, James Marape and will visit Porgera to meet with project area landowners and business, church and c...

The reopening of the Porgera Gold Mine will be a catalyst for continued growth post-COVID despite it currently being on hold due to a delayed stakeholder sign off on the Porgera Project Commencement Agreement and Shareholder Agreement. BSP Group CEO Robin Fleming in providing his insight in the BSP Pacific Economic and Market Insight Q2, 2022 Report sa...

Local landowners from the Yandera Copper Project in Madang have stressed their concerns and objections to the upcoming renewal of its project exploration license EL 1335. Most landowners are adamant to have the renewal refused by any incoming Minister for Mining, as they want an innovative developer to come into the project that can do actual work on t...

Photo: Simberi’s rope conveyor (Ropecon), part of the mine’s clean energy campaign, delivers ore to the process plant three-kilometres downhill from the pit. [Photo by Chamber of Mines and Petroleum] St Barbara is expecting its sulphide expansion project at the Simberi operation in New Ireland, Papua New Guinea to proceed either under its name or a dif...

Photo credit: K92 Mining Inc. K92 Mining Inc. announces production results for the second quarter (“ Q2 ”) of 2022 at its Kainantu Gold Mine in Papua New Guinea, of 26,085 oz AuEq or 22,934 oz gold, 1,229,961 lbs copper and 25,224 oz silver. Sales during the second quarter were 23,674 oz gold, 1,349,816 lbs copper and 27,033 oz silver. During the se...

Photo credit: Mayur Resources Mayur Resources Limited has executed a binding offtake agreement with titanium pellet producer Qingdao Shinebest for the sale of vanadium titanomagnetite (magnetite) product from the Orokolo Bay Iron and Industrial Sands Project. The Agreement replaces and improves the previously announced offtake with Shinebest, includ...

Photo credit: Kingston Resources - Misima Gold Project Regional Overview Kingston Resources Limited is pleased to announce that following the recent conclusion of the Misima Gold Project Definitive Feasibility Study the Kingston Board has commenced a strategic review of the Company’s interest in the Project.  The review will assess all options to ma...

Photo credit: Hidden Valley Mine Senior executives from Harmony’s offices in South Africa visited PNG last month to tour company assets and meet with Prime Minister James Marape to emphasise the company’s continued commitment to invest and grow in the country. Harmony’s Financial Director, Boipelo Lekubo, and Senior Group Executive: Enterprise Risk ...