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 ...

Photo credit: Newcrest Mining According to Dr. John Kuwimb, managing director of Kumul Minerals Holdings Ltd (KMHL), the government plans to exercise its option to acquire up to the full 30% equity in the K18.5 billion Wafi-Golpu project in Morobe. Kuwimb stated that KMHL was looking forward to taking part in upcoming projects, particularly those in...

Photo credit: Kumul Mineral Holdings According to a representative, a new company will be established as soon as Mineral Resources Enga (MRE) signs the shareholders' agreement for the new Porgera mine. Kumul Mineral Holdings Ltd (KMHL) managing director Dr. John Kuwimb said: “The moment they sign it, we will move to the next stage (which is) the inc...

Local contractors of Porgera Joint Venture (PJV) and others benefitting from the Porgera mine lost around K110 million since the mine closed two years ago, an official says. According to Nickson Pakea, head of the Porgera Chamber of Commerce and Industry, there were about 700 small-to-medium-sized businesses (SMEs) and 176 contractors affected. “Mos...

The PNG Extractive Industries Transparency Initiative has praised the Mineral Resources Authority's and mine operators' efforts in developing a digital platform that would give real-time mineral data from all of the country's main mines. According to Lucas Alkan, the National Secretary of the PNG Extractive Industries Transparency Initiative (PNGEITI)....

The Wafi-Golpu project's State Negotiating Team is thought to be in the final stages of discussions with shareholding companies. However, due to the National General Election, most of the work on the ground has been put on pause. Any development forum procedure that arises following the successful completion of the mining development contract discus...

Photo: Porgera Mine  Given the delayed pace in obtaining stakeholders to sign off on the Porgera Project Commencement Agreement and progress shareholders agreement, the reopening of the Porgera mine is currently on hold. Jerry Garry, managing director of the Mineral Resource Authority, said the State Negotiating Team (SNT) is continuing in talks wit...

Photo: The new Camps and Catering Office and carpark Ok Tedi Mining Limited (OTML) is committed to providing a safe and conducive working environment for its employees and business partners.  Managing Director and CEO Musje Werror made these remarks during the opening of the new Camp Administration office and a cafeteria in Tabubil on the 25th of Ma...

Photo credit: PNG Chamber of Mines and Petroleum The Mineral Resources Authority (MRA) has commended St Barbara for the application of modern technology in the safe operation of its Deep-Sea Tailings Placement pipeline and in its fleet of heavy equipment at its Simberi mine. MRA Managing Director Jerry Garry, who visited Simberi mine for the very fi...