In spite of the current pandemic, the financial and production forecast for Ok Tedi Mining Ltd (OTML) continues to be strong.According to managing director and chief executive Musje Werror, they are managing the operations of the company well this year despite the ill effects of COVID-19. “Our production and financial forecast for 2020 remains strong and ...

In talks over a waste disposal system, Environment, Conservation and Climate Change Minister Wera Mori stated that the Papua New Guinea government desires to stop this stalemate for the K18 billion (US$5.4 billion) Wafi-Golpu gold-copper project.He added that he was going to sign an “approval in principle” to use the deep sea tailing placement (DSTP) “wit...

Over the next three years, K92 Mining Inc will invest US$250 million (K855.55mil) to hit a production level of more than 300,000 ounces per annum. According to chief executive officer John Lewins, the company will still continue to provide beneficial outcomes to the communities.“We are excited about the coming year as it will be a major transformative yea...

In a presentation on the Wafi-Golpu deep sea tailings placement, Minister for Environment, Conservation and Climate Change Wera Mori said that Papua New Guinea’s Wafi-Golpu mining project starts production soon - five years after its construction phase. He added that block caving is the method to use for this copper/gold project. “Upon granting of the spe...

Following COVID travel restrictions, Kingston Resources (KSN) has restarted drilling at its Misima Gold Project in Papua New Guinea. The project includes extensional drilling and infill at the southeast end of the proposed Umuna pit and follow-up drilling at the Abi Discovery. The 8,000 metre diamond drilling program, which is focusing on the Kulumalia a...

Stakeholders such as the state, project developer Geopacific Resources Ltd, Dal Wanuwan Woodlark Lease Association Inc (landowners), Murua LLG and the Milne Bay government arrived in Alotau to discuss the K420 million Woodlark mining project and the memorandum of the agreement negotiated in 2015. The project has a 13-year mine-life with one million ounces...

In an independent peer review, the East Sepik provincial government has concluded that the Frieda River will be further delayed. According to East Sepik administration mines coordinator Martin Torovi, there are still a lot of questions that have to be answered. He added that their review has shown that there is still a lot of weakness to the dam. He said...

After months of refusing to extend its lease, Papua New Guinea Prime Minister James Marape has finally approved the continuation of the operation of the Porgera gold mine between Barrick Gold Corporation and its Chinese joint venture partner Zijin Mining.According to reports, this news coincides with the release of Barrick’s third-quarter 2020 production ...

Papua New Guinea Prime Minister said that he would like all stakeholders in the Wafi-Golpu project to work together to bring the project forward. This came after the developer of the project made baseline studies to the PM, supporting Deep Sea Tailings Placement (DSTP), at a workshop in Port Moresby.The Prime Minister mentioned that he has heard the conce...

Mining has never been this lucrative, as proven in a report by K92 Mining which said that in the third quarter of the year, has harvested at least 22,261 oz AuEq (gold equivalent) at its Kainantu Gold Mine in Papua New Guinea.To be more specific in Q3, K92 has come out with 21,298 ounces of gold, 488,020 pounds of copper and 7,127 ounces of silver, or 22,...

To grow its economy, the new Autonomous Bougainville Government has looked at the Panguna mine as a key target. According to Bougainville President Ishmael Toroama, aside from Panguna, the government is also looking at other factors such as projects in agriculture, mining, fisheries, and tourism - that generates revenues and increases employment in Bougai...

Because of the pressing issues surrounding four mines in the country - Ramu Nico mine in Madang, Ok Tedi in Western, Porgera in Enga and Sinivit in East New Britain - Environment and Conservation Minister Wera Mori said an assessment will be done to determine their environmental and socio-economic impacts. Mori said that officials from the Conservation an...

Production sharing contracts have always been specific to oil and gas and therefore never works in the mining sector. This, according to the CEO of Global Miner, Barrick Gold, who added that the highest risk in gas and oil is exploration and once you put it in infrastructure, you just pump forever.“This is where production sharing is a classic example, wh...