St Barbara Limited now expects Simberi will produce between 25-30koz at an AISC of $3,200-3,600 per ounce in FY22. Group FY22 production has been updated to 275-290koz and AISC of $1,750-1,870 per ounce. Guidance for Leonora and Atlantic remain unchanged.  St Barbara Limited withdrew guidance for its Simberi operations on 18 February 2022 due to signif...

Senior executives from Newcrest flew into Kavieng to pay Governor Sir Julius Chan and his administration a courtesy visit. Sandeep Biswas, the managing director and CEO, was joined by Stanley Komunt, the national manager, Tim Bryson, the strategic engagement manager, and Felix Kipalan, the environment, social, and government manager. Discussions cen...

Ian Tarutia, president of the Papua New Guinea Chamber of Commerce and Industry, is pleased to hear that the Porgera Mine will reopen next month. “The closure two years ago and its consequences had an adverse impact on the country’s economy in terms of foregone tax revenue, royalties and unemployment of more than 3,000 workers,” he said. “We are hop...

Photo credit: Bougainville Copper Limited The Panguna Mine Legacy Impact Committee held its second meeting early this month in preparation towards the detailed impact assessment set to commence in mid-2022. The Committee heard a presentation from the technical consultant Tetra Tech Coffey where they presented their initial findings and recommendatio...

When the Porgera mine reopens, Papua New Guinea Prime Minister James Marape says 3,500 former employees would be given "first consideration for jobs." According to him, the government had requested that all former mine personnel be given priority consideration. Marape was responding to a question about the Porgera Mine and Allied Workers Union urging t...

Photo credit: Geopacific Resources - Figure 1: Kulumadau cross section Geopacific Resources Ltd 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 drilling campaign continues to deliver encouraging...

The K19 billion (US$5.4 billion) Wafi-Golpu project must benefit landowners and the people of Morobe, according to Papua New Guinea's Morobe Governor Ginson Saonu. “The ongoing development of the Wafi-Golpu mining project (shows) our commitment to ensure that the people of Morobe favourably benefit from this project,” he said. “The Morobe government...

Mineral Resources Authority (MRA) executive director Jerry Garry says the state is hoping that agreements for the US$5.4 billion (K18.5 billion) Wafi-Golpu mining project in Morobe would be finalized in the first quarter of this year. He stated the State Negotiation Team (SNT) was working on a mining development agreement, and that many of the terms in...

Newcrest Mining, whose interests in PNG include the Lihir Gold mine and a 50% share in the proposed WafiGolpu project with Harmony Gold Mining Company Limited, has a long-standing partnership with PNG. Newcrest MD and CEO, Sandeep Biswas, travelled to Port Moresby this week and met with Prime Minister James Marape, during which he reaffirmed the compan...

Photo credit: Mayur Resources - Central Cement and Lime Project - Decarbonisation Roadmap Mayur Resources Limited has executed a Collaboration Agreement with ASX listed First Graphene Ltd for the development of graphene derived additives for cement manufacturing specific to low carbon cements and Portland Limestone Cements (PLC). The intent of the Agre...

Photo: Simberi Mine St Barbara Limited notes the COVID-19 pandemic infection rates across the Tabar Island group have increased significantly, impacting the local communities and our workforce. While gold production at Simberi Operations continues, ramp-up of mining operations is not achieving target rates and uncertainty remains as to when full workfo...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce results from the first two surface holes at Kora South and Judd South and from the property-wide airborne geophysics program at the Kainantu gold mine in Papua New Guinea. This is the first time that drilling at Kora South and Judd South had been undertaken from surface by either K92 or...

Photo credit: Geopacific Resources - Mining lease exploration target areas Chief Executive Officer, Tim Richards, said: “The drilling campaign continues to deliver exceptional results. Grade control drilling supports our view that there is considerable upside potential within the existing pit shells, whilst first results from resource extension drillin...

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...