Photo credit: Ok Tedi Mining - Mr Musje Werror The Coronavirus (Covid-19) pandemic hit OK Tedi Mining Ltd (OTML) hard in 2021, creating production losses and incurring significant costs, according to the company. Despite this, according to OTML's annual report for 2021, the company remained profitable, debt-free, and paid a K450 million yearly divid...

Photo credit: K92 Mining K92 Mining Inc. is pleased to announce results from the ongoing underground diamond drilling of the Kora and Judd deposits at the Kainantu gold mine in Papua New Guinea. The results for the latest 116 diamond drill holes completed from underground into the Kora and Judd deposits are summarized in Table 1 and Table 2 below. T...

Photo credit: Kingston Resources - Figure 1: Misima Gold Project site layout Kingston Resources Limited  is pleased to advise that it has taken an important step towards bringing the Misima Gold Project into production with the completion of a positive Definitive Feasibility Study (DFS). The DFS confirms the potential for a large-scale, long-life, l...

Photo credit: Geopacific Resources - Figure 2: Mining Lease exploration target areas Geopacific Resources Limited is pleased to provide further updates on its successful grade control and resource extension drilling at the Woodlark Gold Project. Chief Executive Officer, Tim Richards commented “The grade control and resource extension drilling campai...

Governor Sir Peter Ipatas claims that the Enga provincial administration has lost over K70 million since the closure of the Porgera gold mine two years ago. Sir Peter stated that during the mine's closure, all parties suffered losses, but that everyone must wait for the final agreement for the mine's reopening to be inked. He added that landowners a...

Photo credit: K92 Mining Inc. K92 Mining Inc. is pleased to announce financial results for the three months ended March 31, 2022. Safety Strong focus on safety with one of the best safety records in the Australasia region since commencement of operations. Proactive and focused management of COVID-19. K92 has continuously operated throughout ...

The multi-billion-kina Porgera gold mine in Enga, according to Porgera Chamber of Commerce and Industry head Nickson Pakea, must reopen shortly to promote economic activity and solve criminality in the district. “The law and order issues in the district is partially due to the shutdown of the mine and those with access to guns taking advantage to condu...

The reopening of the Panguna Mine has become inevitable following an agreement between the landowners and the Autonomous Bougainville Government to reopen the multibillion kina defunct mine. Following the meeting of the ABG and the Panguna Mine Landowner Clan Chiefs held at Tunuru Catholic Mission, Kieta District on Wednesday 04 May 2O22 and the signin...

Photo credit: Post Courier Mineral Resources Authority and Department of Mineral Policy and Geohazard Management held a goodbye ceremony for Mining Minister Johnson Tuke. While the Minister for Mining, Johnson Tuke, prepares for the National General Elections in the coming days, the departments reporting directly to him said farewell to their Minist...

Photo: Harmony representatives present at meeting in Port Moresby with Prime Minister, Honourable James Marape MP (L-R) Mr. J. Van Heerden, Ms. B. Lekubo, Prime Minister, Honourable James Marape MP, Mrs. M van der Walt and Mr. K. Wali. Senior executives from Harmony’s offices in South Africa, toured company assets in PNG this week. They met with Prime ...

Photo credit: Papua New Guinea Mine Watch According to the MRA chief, earnings from alluvial gold mining exports increased to K640 million in 2021 from K300 million. Jerry Garry, the managing director of the Mineral Resources Authority, announced this in Port Moresby during the goodbye of Mining Minister Johnson Tuke. Mr Garry claimed the industr...

The Mineral Resources Authority will make all of the mining industry's operating live data available online in the coming months. According to Mineral Resources Authority executive director Jerry Garry, the mining amendment Act of 1992 mandates mining corporations to supply the state with information and data. Mr Garry said: “This was at a time when...

The Tolukuma Gold Mine in Central Province has been granted an extension licence (ML104) for a period of ten years. Iain MacPherson, managing director and chief executive officer of Lole Mining Limited, said the next step is to implement a reopening plan because the mine has been closed for some years, and they are contemplating a lot of components. ...

Photo credit: Mayur Resources - An artist's impression of surface mining operations at Orokolo Bay Mayur Resources Limited has placed an order with Australian-based specialist leading engineering firm, Vanadium Pty limited (Vanadium Group), for the mineral process plant units for its construction-ready Orokolo Bay Iron and Industrial Sands Project (Oro...

K92 Mining Inc announces production results for the first quarter (“ Q1 ”) of 2022 at its Kainantu Gold Mine in Papua New Guinea, of 28,188 oz AuEq or 24,152 oz gold, 1,524,827 lbs copper and 28,142 oz silver. Sales during the first quarter were 29,728 oz AuEq or 26,471 oz gold, 1,247,967 lbs copper and 24,899 oz silver. During the first quarter, Kaina...

Two important documents as part of the important milestones to be ticked off by the State and its project partners were signed today at the Government House this morning. The Prime Minister delayed his scheduled visit to Oro Province this morning to observe this important signing. These are the Deed of Amendment to the Porgera Project Commencement Agreeme...