Photo credit: Geopacific Resources The developer stated that work on the Woodlark Gold Project is now delayed and behind schedule. In an update, Geopacific Resources Limited reported that the company has decided to postpone the project until Q1/Q2 2022. The impact of unseasonal inclement weather, according to the firm, has resulted in a short-ter...

Bougainville Copper Limited (BCL) is prepared to assist the government and the people of Bougainville. Sir Mel Togolo, Chairman of the BCL Board of Directors, shared this sentiment, saying that the business stands ready to assist ABG in generating the type of money it needs to grow its economy. Sir Mel claimed that the ABG Government and the people ...

Photo credit: K92 Mining Inc.  K92 Mining Inc. is pleased to announce financial results for the three and nine months ended September 30, 2021. John Lewins, K92 Chief Executive Officer and Director, stated, “Despite 2021 being one of the most challenging years our Company has faced due to the impact of the COVID-19 pandemic, it has also featured num...

Mayur Resources is in advanced talks with a large-scale international investor interested in acquiring a stake in its proposed Central Cement and Lime project west of Port Moresby. According to the company's annual report, it followed a 20-year mining lease granted by the government in August. The article said the project has been given special econ...

Following the successful completion of the final and significant mill shutdown, Ok Tedi Mining Ltd (OTML) business unit is eager to end the year on a high note. More than 350 workers, contractors, and service providers were affected by the massive closure in September. Isaac Kwetok, deputy general manager of processing, said the business unit's curr...

According to St. Barbara's last quarterly report, the company's Simberi facility in New Ireland is doing well with the pre-investment phase of their sulphide project. “The pre-investment phase is advancing well, with initial new fleet purchases completed and the front-end, engineering and design (Feed) study package awarded and on track for delivery in...

The Porgera Project Commencement Agreement was signed by the State and Barrick Niugini Limited, paving the way for the commencement of mining activities at the Porgera Mine. Prime Minister James Marape confirmed the government's commitment to reopening Porgera Mine as soon as possible, with BNL as an equity partner and operator, and vowed to provide BN...

Photo credit: Adyton Resources Corporation Adyton Resources Corporation has reported an 88% increase in total gold ounces across the company’s 100% owned Fergusson Island Gold Project and Feni Gold and Copper Project, located within Papua New Guinea’s renowned “Rim of Fire”. Fergusson Island maiden Indicated Resource of 175,000 gold ounces at 1.33 g...

Photo credit: Porgera JV Barrick Gold CEO and President Mark Bristow will be in Papua New Guinea from 12th to 15th of October along with senior Barrick Gold executives, as a part of their quarterly review visits to Barrick operated mine sites throughout the world. Dr Bristow is expected to meet with Prime Minister James Marape and senior PNG Governm...

K92 Mining Inc. is pleased to announce that its Board of Directors has approved the Stage 2A Expansion, expanding the annual processing throughput to 500,000 tonnes per annum at its Kainantu Gold Mine in Papua New Guinea. This represents a +25% increase from the Stage 2 processing capacity of 400,000 tonnes per annum. Full commissioning of the Stage 2A Ex...

In the financial year 2021, Newcrest Mining Limited made a statutory and underlying profit of US$1.2 billion. In the 2021 annual report, Managing Director and Chief Executive Officer Sandeep Biswas stated, "It has been more than 18 months since the onset of the COVID-19 epidemic, and we are still experiencing its catastrophic effects throughout the wor...

Freeport Resources Inc. was recently granted an extension to its Exploration License for Nong River at the heart of its Star Mountains mine, while it still awaits ministerial endorsement for its license for its newly acquired Yandera copper mine. “The company is pleased to announce that its application to extend Exploration License Number EL 1312 has b...

According to the Mineral Resources Authority, discussions on a mining development contract for the projected K18.4 billion Wafi-Golpu mining project in Morobe will begin this week (MRA). Both the State and the mine's joint venture partners had conducted conversations, according to managing director Jerry Garry, and an assessment of those interactions w...

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...