Ok Tedi Mining Limited (OTML) hosted a delegation from the East Sepik Provincial Administration on a fact-finding mission to gain insights from the Ok Tedi operations to prepare for the upcoming Frieda River Project in the Sepik Region. The delegation from the Provincial Administration Mining Desk Team, visited from the 11th – 16th August, to understan...
A state team recently conducted a pre-Community Development Agreement (CDA) awareness program in Lae, involving parties to the Wafi Golpu mining project CDA. The parties are Yanta, Hengambu, Babuaf, Wampar, Butibam, Wagang, Morobe Provincial Government and host Local Level Governments. The consultation program was aimed at educating the parties who ...
Mayur Resources is pleased to provide an update on Stage 2 wharf development at the Central Cement and Lime Project in Papua New Guinea. Mayur Resources Managing Director Paul Mulder said the wharf development was a critical piece of work enabling marine infrastructure for both PNG, and the Company’s future plans. “Dedicated wharf facilities are str...
The Autonomous Bougainville Government (ABG), Bougainville Copper Limited (BCL), and Rio Tinto have signed a Memorandum of Understanding to address concerns around future risks of ageing infrastructure in the former Panguna mine area. This collaboration comes in response to information obtained during field work forthe independent Legacy Impact Assess...
PNG has and estimated 100 (m) million ounces of gold that is yet to be mined according to the Prime Minister Hon James Marape. The PM revealed this when officially closing the Geoscience, Exploration & Extraction Conference 2024 yesterday at the APEC Haus in Port Moresby. He said based on the gold price of around US$ 2,400, the 100m ounces would...
There has been a decline in mineral exploration activities in the country since 2019, according to the Managing Director of the Mineral Resources Authority (MRA), Jerry Garry. Mr Garry said this recently at the Geoscience, Exploration & Extraction Conference 2024, at the APEC Haus in Port Moresby. The MD said from 2012-2018, most of the country ...
Prime Minister Hon. James Marape, announced on Friday, August 2, 2024, that the State Negotiating Team (SNT) is actively engaged in discussions with Wafi-Golpu mine developers Newmont and Harmony, with the aim of finalising the Mine Development Contract (MDC). This critical step is part of the preparations for the prompt issuance of the Special Mining ...
Prime Minister Hon. James Marape announced that the State Negotiating Team (SNT) is engaged in full discussions with Wafi-Golpu mine developers Newmont and Harmony, aiming to finalise the Mine Development Contract (MDC). This step is critical in preparing for the issuance of the Special Mining Lease (SML) as soon as possible. Prime Minister Marape also...
Despite the operational challenges presented by the recent Mulitaka landslide, Porgera Gold Mine has met or exceeded its targets since resuming mining in December last year, with gold production for the first half of the year above guidance and all-in sustaining costs trending lower. Barrick president and chief executive Mark Bristow, who is in the cou...
Great Pacific Gold Corp. is pleased to announce the appointment of seasoned mining executive Mr. Greg McCunn as Chief Executive Officer and director of the Company. Mr. McCunn, a Professional Engineer, has more than 30 years of experience in the international mining sector and an established track record operationally. Mr. McCunn has worked within larg...
Great Pacific Gold Corp. (GPAC) is pleased to announce the commencement of drilling at its Arau Project in Papua New Guinea (PNG). Since acquiring Arau, the GPAC team has rehabilitated road access to the project and constructed nine drill pads. With access to exploration target areas complete, a reverse circulation (RC) drill rig was mobilised to the s...
The PNG Extractive Industries Transparency Initiative has expressed concern over unregulated mining activities in the country. Executive Director for PNGEITI National Secretariat, Mr. Lucas Alkan says alluvial mining are largely unregulated activities which raises concern. “Unregulated mining activities leaves authorities and stakeholders with limit...
Prime Minister Hon James Marape said Papua New Guinea will benefit from a total economic value chain of 53 % from the new Porgera mine, in the first 10 years of the total of 20 years of the mine’s operations. He said this when addressing parties to the Porgera project Community Development Agreement (CDA), who are negotiating benefits sharing arrangeme...
Enga Governor Hon Grand Chief Sir Peter Ipatas, has urged landowners of the new Porgera Mine, to find a balance in the current Community Development Agreement (CDA) negotiations, and have the agreement signed in a timely manner. He said the operator New Porgera Limited (NPL), had already started mining and that it was only appropriate that landowners t...
Theresa Jaintong, a prominent women’s representative from Panguna Mine, emphasized women's pivotal role in shaping Panguna’s future amidst historical grievances and environmental concerns. Speaking during the inaugural Papua New Guinea Resource Week, she addressed delegates, companies, stakeholders, investors, partners, and the media in Session 8 title...
MRL is pleased to announce the signing of a Non-Binding Exclusive Term Sheet (“Term Sheet”) with S&F Investment Advisors Ltd and ACAM LP (the "Investor"), for a proposed USD $50 million investment in MRL and its 100% owned MRCL subsidiary (the “Proposed Transaction”). Additionally, the Company is also pleased to announce an AUD $5 million placement...
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