Papua New Guinea's mining sector is set for significant advancement as Mayur Resources Limited recently secured a substantial capital injection to propel the Central Lime Project (CLP) forward. The latest AU$100 million (PGK 250 million) equity raise by Mayur signals strong investor confidence and underscores the Marape-Rosso Government’s vision for va...

The Minister for Mining Hon. Wake Goi on February 25 officially launched the Mining Bill 2025 for public consultation in Port Moresby at a formal event attended by members of parliament, government officials, industry stakeholders, landowner representatives, and the media. Minister Goi emphasized the bill’s importance, calling it a “historic milestone”...

K92 Mining Inc. has announced the latest results from its ongoing maiden surface diamond drill program at the Arakompa prospect in Papua New Guinea. In a statement, the company said the drilling confirmed two significant high-grade gold veins, AR1 and AR2, along with extensions of a bulk tonnage zone, reinforcing the area’s potential for both undergrou...

A high-level meeting was held recently in Port Moresby between Prime Minister Hon. James Marape, Morobe Provincial MP Hon. Luther Wenge, and Chairman of the State Negotiating Team (SNT), Dairi Vele, to discuss the progress of the Wafi-Golpu Project. The Government reaffirmed its commitment to ensuring that the project proceeds in a manner that delivers ma...

The Community Development Agreement (CDA) for the Central Cement and Lime (CCL) Project located in the Hiri-Koiari District of Central Province was initialed on February 6, in Port Moresby, the parties involved said in a statement. A CDA is a government process and is basically a mine-derived benefits package, negotiated between concerned parties in an...

Mayur Resources Limited is pleased to announce the execution of definitive agreements with Pacific Unison Holdings Limited  for the construction and operation of the Orokolo Bay Industrial Sands Project, located in Gulf Province, Papua New Guinea. The execution of these agreements follows the previously announced terms sheet signed in December 20241 an...

“There will be no riverine disposal by the Frieda River Copper-Gold Project (FRCGP).” This clarification comes from Phil McCormack, Project Director of Frieda River Limited (FRL), a part of PanAust Limited. Phil made the clarification to help the public understand the design of the proposed copper-gold development. “Frieda River Copper-Gold Project ...

K92 Mining Ltd. has announced a series of leadership changes and highlighted the significant contributions of Dr. Chris Muller and Dr. Mark Schubert, both of whom have played instrumental roles in the company’s achievements. Dr. Chris Muller, who joined K92 in 2016, most recently served as the Executive Vice President – Exploration. Dr. Muller was a me...

K92 Mining Inc. has released an update regarding its operations and strategic plans for the future with its 2025 Operational Outlook, which outlines another record year of production plus major capital investment and investment in exploration. John Lewins, Chief Executive Officer and Director of K92 Mining, expressed his optimism and enthusiasm for the...

Negotiations for the Community Development Agreement (CDA) of the Central Cement and Lime Project commenced on Jan. 30 in Port Moresby for the project in the Hiri-Koiari District of Central Province, Papua New Guinea. Officials said the discussions are expected to last at least a week, bringing together key stakeholders to finalize agreements on benefi...

Papua New Guinea’s Minister for Mining, Hon. Wake Goi, has commended the progress of Phase 2 construction at the Central Cement and Lime Project’s wharf in Kido, Central Province of Papua New Guinea calling it “a significant step toward economic diversification and industrial self-sufficiency.” Minister Goi visited the project site alongside the Member...

Prime Minister James Marape recently held a productive meeting with Tom Palmer, President and CEO of Newmont Corporation, and Peter Toth, Newmont’s Executive Vice President for Strategic Development. Discussions centred on advancing the Wafi-Golpu Project, ensuring efficiency in Newmont’s operations in Papua New Guinea, and addressing the company’s global...

Ok Tedi Mining Limited (OTML) has surpassed its annual sediment dredging and its rehabilitation target for 2024 at its Bige Operations. Last year, 10.75 million Cubic Meters (Mm3) of river sediments was dredged, surpassing the target of 10 Mm3, while 35.21 Hectares (ha) of sand stockpile was rehabilitated, exceeding the target of 30 ha. The Bige Ope...

Ok Tedi Mining Limited (OTML) is pleased to announce its exceptional performance results for 2024, showcasing yet another successful year of disciplined operational and financial excellence. In 2024, OTML achieved outstanding strong, safe and reliable production results, surpassing set targets for copper, gold, and silver. The company produced 103,246 ...

Papua New Guinea Minister for Mining, Hon. Wake Goi, has commended K92 Mining Inc. for its record-breaking gold production in the fourth quarter of 2024. He praised the company's operational excellence and its significant contribution to the country's economy. "I extend my congratulations to K92 Mining for achieving this historic milestone in productio...

Prime Minister Hon. James Marape has commended K92 Mining Limited for achieving record-breaking production results for the fourth quarter of 2024, describing the milestone as a significant boost to Papua New Guinea’s economy. The Kainantu-based mining company recorded a quarterly production of 53,401 ounces of gold equivalent (AuEq), marking the highes...