Lole Mining Ltd, a local business with foreign partners, will receive the mining license for the Tolukuma gold mine in Papua New Guinea. According to the Mineral Resources Authority, this will be done after transactions to offset mining obligations are completed (MRA). The mining advisory council has previously approved an application for the deal's...
Photo credit: PNG Mine Watch According to Mining Minister Johnson Tuke, alluvial mining will be reserved for Papua New Guineans through policy initiatives. He said he wants to support alluvial miners by making it a reserved business for locals during an alluvial mining conference at the University of Technology in Lae. He claimed that the mining ...
Despite an increase in export and revenue, gold output in the alluvial mining industry has remained stable for the past 13 years, according to an official. Export income has increased from K100 million to over K600 million yearly in 2019 and 2020, according to Mineral Resource Authority managing director Jerry Garry. However, he stated that manufact...
According to Mayur Industrials chief operating officer Trent Alexander, construction on the Central Cement and Lime (CCL) project will begin in the first half of next year. Mayur Industries is a Mayur Resources Ltd subsidiary. The first phase of the project, a 2 Kiln Quick/Hydrated lime factory, cost around K300 million, according to Alexander. A...
According to an official, a firm awarded special economic zone designation for a K1.3 billion cement and lime project hopes to lower construction material prices in the country. Mayur Industries is a Mayur Resources Ltd subsidiary. Trent Alexander, the project's chief operating officer, stated that the project will now be able to establish cheaper b...
Photo credit: Kainantu Resources Kainantu Resources Ltd, the Asia-Pacific focused gold mining company provides an update on completion steps to acquire control of the May River Project in the world-renowned copper-gold district of Frieda River, Papua New Guinea (“PNG”). Background In a press release dated June 15, 2021 (“June Release”), KRL annou...
Photo Credit: Ilya Gridneff/AAP The ABG Minister for Mineral & Energy Resources, Hon. Rodney Osioco, announced today that the Bougainville Executive Council (BEC) has endorsed for unlicensed gold and other minerals to be treated as “restricted items” at all port facilities (airports and wharves) in the Autonomous Region of Bougainville. Under re...
Today, the Electric Mine Consortium (EMC) launched the ‘Electric Mine Simulation’ crowd challenge in partnership with the OZ Minerals Think & Act Differently ideas incubator and Unearthed. OZ Minerals, IGO, South 32, Blackstone Minerals, Evolution Mining, Barminco and Goldfields have committed to significantly reducing their carbon footprint. These...
Prime Minister James Marape of Papua New Guinea has charged the mining ministry, the Mineral Resources Authority (MRA), and the State Negotiating Team (SNT) with resolving the Wafi-Golpu project's delay by December. Marape was asked by landowner organisations to speed up the processes and resolve concerns that are delaying the project at a forum hosted...
Photo Credit: Mayur Resources Mayur Resources Limited welcomes the decision, formal notification and provision of a PNG Government Gazette and License from the Independent State of Papua New Guinea’s Special Economic Zones Authority Board (SEZAB), granting Mayur’s Central Cement and Lime project area SEZ status, in accordance with the SEZA 2019. Man...
Prime Minister James Marape of Papua New Guinea has told landowners and others participating in the Wafi-Golpu Mine project in Morobe that they will receive the best possible deal. He said that the project had been delayed for years due to the parties' inability to reach an agreement on problems that would allow mining to begin. In Mumeng, Bulolo, h...
A delegation from the Environment Department, led by environment minister Wera Mori and managing director of the Conservation and Environment Protection Authority Gunther Joku, recently visited St Barbara's Simberi facilities to discuss plans to transition to sulfide mining. The purpose of the tour was to observe firsthand the programs and projects tha...
Ok Tedi Mining Limited (OTML) today announced the retirement of its Chairman Sir Moi Avei KBE who has successfully led Ok Tedi for more than six and a half years. OTML Managing Director & CEO Mr Musje Werror acknowledged the significant contribution made by Sir Moi during his tenure saying that “under Sir Moi’s leadership the value of the OTML bus...
Photo Credit: Ok Tedi Mining Limited Ok Tedi Mining Limited (OTML) Chairman Sir Moi Avei KBE today announced that the Company has declared an interim dividend of PGK150 million to be paid in September 2021. Sir Moi noted that despite a fire incident at the mine’s processing facility late last year that impacted its January 2021 production, and a two...
Photo Credit: K92 Mining The operator of the Kainantu mine in Papua New Guinea's Eastern Highlands, K92 Mining Inc, expects excellent results in the second half of the year. In a press release, Chief Executive Officer John Lewins stated that the second part of quarter two provided good results, with 16,284 ounces/oz (461kg) of gold produced. “We ...
Newcrest Mining Limited has announced its annual results for Financial Year 2021, a year marked by substantial challenges across all of its operational jurisdictions as a result of COVID-19. Despite the challenging operating climate, Newcrest is happy to announce that its contribution to the PNG economy has remained considerable. In the previous fiscal...
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