Landowners from the Panguna Mine area and the Autonomous Bougainville Government have reached a joint resolution to re-open the Panguna Mine. The joint resolution was signed by clan chiefs and representatives from the five major clans of the Panguna area – Basikang, Kurabang, Bakoringu, Barapang and Mantaa. The signing took place at the end of a thr...
Photo credit: Adyton Resources. Figure 1 - Feni Island – showing Kabang drilling area – other prospects also shown Adyton Resources Corporation is pleased to report the Exploration License at its 100% owned Feni Island Project (Feni) in Papua New Guinea has been renewed for a two year period from August 2020. Adyton Resources CEO, Mr Tim Crossley, ...
Geopacific Resources, an Australian mining company, has halted operations on its Woodlark gold and silver project in Milne Bay, Papua New Guinea, as it reviews cost projections and timetables. Geopacific predicted in December that Woodlark's capital costs would almost certainly rise. "Having recently been chosen as chairperson, I am focused on ensur...
The Porgera Project Commencement Agreement (PPCA) formally took effect recently with the execution of the document by its final signatory, Mineral Resources Enga (MRE), marking a significant milestone in the process of reopening the mine. The next critical steps are to sign the Shareholders Agreement, the substance of which along with that of the Compa...
Commenting on the December quarter, Kingston Managing Director Andrew Corbett said: “We’ve hit the ground running in 2022 after finishing last year strongly on a number of fronts. Three key events – the acquisition of the Mineral Hill Mine, the divestment of our interest in the Livingstone Project, and a successful $14 million capital raising – have given...
Photo credit: International Mining Harmony Gold Mining Company Limited wishes to share an update on its production as at the end of December 2021 (“first 6 months of the financial year” or “H1FY22”) ahead of its interim results to be announced on 28 February 2022. South African operations Gold production for H1FY22 from the South African operatio...
Photo credit: St Barbara St Barbara Managing Director and CEO Craig Jetson said, “The end of the December FY22 quarter marks a momentous period for St Barbara. Through the announcement of our acquisition of Bardoc Gold, we took decisive steps towards securing Leonora’s future as a significant processing hub in the Western Australian goldfields. The acq...
Photo credit: K92 Mining K92 Mining Inc. is pleased to provide its operational outlook for 2022. The Company expects a significant, year over year, increase in gold equivalent production of up to 34% to 115,000 to 140,000 ounces, while also delivering low-cost production with an estimated cash cost of $560-$640 per ounce gold and all-in sustaining cost...
A positive first meeting of the Panguna Mine Legacy Impact Assessment Oversight Committee was held in Buka in 2021. Representatives from clan, landowner, and community organizations, as well as the Papua New Guinea government, Rio Tinto, Bougainville Copper Limited, and the Human Rights Law Centre, were hosted by the Autonomous Bougainville Government...
The Enga Provincial Executive Council (PEC) has adopted the National Government's revised project framework for reopening the Porgera mine in April this year. While announcing the PEC approval over the weekend, Enga Governor Sir Peter Ipatas praised the National Government for its goal to reopen the world-class Porgera Gold Mine under a new project fra...
K92 Mining Inc. announces production results for the fourth quarter of 2021 at its Kainantu Gold Mine in Papua New Guinea, of 36,145 oz AuEq or 33,220 oz gold, 1,048,100 lbs copper and 28,218 oz silver. Annual production also achieved a record of 104,196 oz AuEq or 95,055 oz gold, 3,375,528 lbs copper and 70,792 oz silver, exceeding the updated guidance r...
Photo credit: Ok Tedi Mining Ok Tedi Mining Limited (OTML) Chairman Dr Roger Higgins recently announced that the Company has declared a final dividend of PGK300 million which was paid on Friday 24th December to its shareholders, bringing total dividends paid by OTML this year to PGK450 million. Dr Higgins noted that despite a fire incident at the mi...
Photo credit: Mayur Resources Mayur Resources Limited’s 100% owned subsidiary company, Mayur Iron PNG Ltd’s (“Mayur”) Orokolo Bay Iron and Minerals Sands Project (“Orokolo Bay” or the “Project”) in Papua New Guinea (PNG), is a major step closer to production with the PNG Government announcing today it has granted the project a 20- year Mining Lease (ML...
Photo credit: K92 Mining K92 Mining Inc. is pleased to announce results from the ongoing underground diamond drilling of the Kora deposit at the Kainantu gold mine in Papua New Guinea. The results for the latest 50 diamond drill holes completed from underground into the Kora deposit are summarized in Table 1 below. The results continue to demonstrat...
According to Prime Minister James Marape, the multi-billion kina Porgera mine will reopen in April of next year. He said that Papua LNG, P'Nyang, and Wafi-Golpu, the country's three main significant resource projects, were "on track." The government also aims to "finish off" the Pasca A oil and gas project. “For Porgera, work to restart (the mine...
Over the next few years, OK Tedi Mining Limited expects to witness a gradual growth in dividends of up to K1 billion each year. Musje Werror, managing director and chief executive officer, spoke at the PNG Mining and Petroleum Conference and Exhibition in 2021. Mr Werror stated that OTML's 2021 Strategic Business Plan affirmed a US$475 million incre...
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