Photo: A haul truck being loaded with ore at the Ok Tedi mine. Ok Tedi Mining Limited (OTML) recently announced that a dividend of PGK300 Million will be paid to shareholders on or before 31 December 2022. OTML Chairman Dr Roger Higgins thanked employees, contract partners and mine impacted communities for their support throughout 2022. He added ...

Photo: Sandeep Biswas According to the International Energy Agency, copper is essential for additional solar PV, wind, bioenergy, networks, electric vehicles (EVs), and battery storage in the field of clean energy solutions. According to Sandeep Biswas, managing director and chief executive officer of Newcrest Mining Limited, the International Energ...

Photo credit: K92 Mining K92 Mining is pleased to announce that the Government of Papua New Guinea has granted an extension of Mining Lease 150 for the Kainantu Gold Mine in Papua New Guinea for a period of 10 years to June 13, 2034. Concurrent with this announcement, K92’s Board of Directors have approved the Stage 3 and Stage 4 Expansions (collect...

Photo: OTML General Manager and Chief Financial Officer Cameron Clark speaking at the PNG Mining and Petroleum Investment Conference The Ok Tedi Mine will generate over PGK19 Billion in dividends for the benefit of Papua New Guinea over the next 11 years, says Ok Tedi Mining Ltd (OTML) General Manager Commercial and Chief Financial Officer Cameron Clar...

Photo: Musje Werror The Board of Ok Tedi Mining Ltd announced that it has accepted the resignation of Managing Director and CEO, Musje Werror. OTML Board Chairman, Dr. Roger Higgins, made the announcement today. Dr. Higgins thanked Mr Werror for his contribution to Ok Tedi over many years, starting as a graduate trainee, working across all aspect...

Photo credit: PNGEITI - Porgera Mine The Porgera chamber of commerce and industry hopes that the re-opening of the mine will go ahead as planned. Chamber president Nickson Pakea said the mine must be re-opened next month as announced recently by Prime Minister James Marape. Pakea said the mine closure had led to criminal activities. “The mine ...

Photo credit: Mining Digital  There were no pandemic-related delays in Newcrest Mining Limited's 2 million ounces of gold output in the fiscal year 2022, despite the fact that several maintenance and improvement projects were carried out. Sandeep Biswas, managing director of Newcrest, stated at the company's annual general meeting (AGM) in Melbourne...

According to Governor Luther Wenge, the Morobe government will review the 2005 Memorandum of Agreement (MOA) for the Hidden Valley project with developer Harmony Gold Mining and stakeholders. According to Wenge, the original agreement from 2005 called for a review once the Hidden Valley mine had been in operation for three years. “Many things stipul...

OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. According to managing director Musje Werror, the Ok Tedi mine still contains roughly 200 million tonnes of resource that will remain in the earth after 2032 and can support mine operations long into the 2040s and even the 2050s. “We have been in operations now for 38 ...

The New Porgera Limited now stands as the guiding platform to ensure proper governance and transparency of the operations of the mine, once reopened, will be unlike before. New Porgera Limited chairlady Nellie James said the incorporation of New Porgera Limited will be for Porgera Mine as the previous unincorporated venture running of operations and sa...

Photo credit: State Enterprises Minister William Duma (Centre in white pants) and his delegation pose for a photo with members of the OTML senior management team at the Ok Tedi mine. Ok Tedi Mining Limited (OTML) recently hosted the Minister for State Enterprises Honourable William Duma during a site visit to the mine on October 20. Minister Duma wa...

Photo credit: Newcrest Prime Minister Hon. James Marape wants maximum benefits to be paid to landowners and their provincial governments from the resource projects around the country. The Prime Minister said this today during a meeting with Morobe Governor Hon. Luther Wenge MP, the Mineral Resources Authority, representatives from Morobe Provincial ...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to maiden results from the Kora Northern Deeps target at the Kainantu gold mine in Papua New Guinea. The results for the latest 93 diamond drill holes c...

Photo: OTML Managing Director and CEO Musje Werror With 10 years of mine life remaining, Ok Tedi Mining Limited (OTML) is committed to enabling a sustainable future for its 158 CMCA (Community Mine Continuation Agreement) communities post closure. OTML Managing Director and CEO Musje Werror said this when he presented at the Community Affairs and Bu...

Photo credit: PNG Chamber of Mines and Petroleum The full board of Newcrest Mining led by Chairman Peter Tomsett and accompanied by Managing Director and CEO Sandeep Biswas are visiting Papua New Guinea this week, meeting key stakeholders and visiting the Newcrest Lihir mine in New Ireland. Their visit started in Port Moresby on Monday, 10 October invo...

Photo: Papua New Guinea Prime Minister James Marape poses with Barrick Gold Chief Executive Mark Bristow in the capital of Port Moresby, Papua New Guinea, October 15, 2020. Credit: Papua New Guinea Prime Minister's Media Office Prime Minister Hon. James Marape has welcomed Barrick Gold President and CEO Mark Bristow and Newcrest Mining Ltd Managing-Dir...