Photo credit: PNGEITI - Porgera Mine Barrick Chief Executive Mark Bristow, in PNG for quarterly operational reviews, said that the incorporation of New Porgera Limited (NPL) on 22nd September, following execution of the New Porgera Shareholders Agreement by Barrick (Niugini) Limited, Kumul Mineral Holdings Limited and Mineral Resources Enga, marked an ...

Photo credit: K92 Mining K92 has announced a strong production result for the third quarter of 2022. John Lewins, K92 Chief Executive Officer and Director, stated, “In the third quarter, Kainantu delivered one of our most complete quarters to date and marked another important step forward in expanding operations with near-record production and multi...

Photo: Executive Managing Director Howard Lole and Larry Andagali of Lole Mining Limited presenting K20 Million payments Liquification to BSP  Local mining firm, Lole Mining Ltd has paid K20 Million to the Liquidator Pini Accountants and Advisors on Monday, 22nd of October as part of its process in the transfer of ownership of Tolukuma gold mine in the...

Photo credit: Post Courier - Mineral Resources Authority Managing Director Jerry Garry Mineral Resources Authority will continue its significant assignment in putting in place the Mining Control System for other operating mines in the country in the next six months. The project will continue, according to MRA managing director Jerry Garry, with the ...

Photo credit: Sir Ano Pala Facebook Page Sir Ano Pala, Minister for Mining, has been warmly welcomed as the new Minister to steer the sector for the next five years. The Ministry greeted Sir Ano as someone who will lead the sector moving ahead in the next legislative term because of his expertise and insight. Sir Ano has made it clear that he doe...

Photo: Jerry Garry Mineral Resource Authority (MRA) MD predicts strong copper and gold production for Papua New Guinea up to 2050. Wafi-Golpu and Frieda River, Papua New Guinea's two mining "mega projects," might be completed on schedule. Over the next thirty years, New Guinea will rank among the top producers of copper in the world, according to...

Photo credit: Ok Tedi Mining According to Ok Tedi Mining Ltd managing director and chief executive officer Musje Werror, more than 17 million tonnes of copper concentrate have been exported out from the Ok Tedi mine in Papua New Guinea since operations got underway in 1984. Werror travelled to Port Moresby to officially greet the mine's new vessel, ...

Photo credit: Niuminco Group Niuminco Group Limited is pleased to announce that the Group’s application for an extension of term of its Edie Creek mining lease, ML 511, in the Morobe Goldfields of Papua New Guinea has been approved by the Minister for Mining for a further 10 years from 5 October 2021 to 5 October 2031. ML 511 covers 3.89 sqr. kms an...

Photo credit: Newcrest According to managing director Jerry Garry of the Papua New Guinea Mineral Resources Authority (MRA), processing and shipping of the gold or copper from the Wafi-Golpu project will take six years. He commended the province executive council and Morobe Governor Luther Wenge for promoting the project's launch. Wenge announced...

Photo credit: Newcrest With the help of royalties, taxes, a production levy, and vendor agreements, PNG has received K1.5 billion from Newcrest's Lihir Gold Mine in the province of New Ireland. Speaking during the recent induction of the Members of the 11th Parliament in Port Moresby, Newcrest PNG country manager Stanley Komunt stated that the busin...

Photo: Philip Samar  According to the PNG Chamber of Mines and Petroleum, the government must make greater efforts to safeguard the economy by encouraging exploration to find new projects in the resources sector. Chamber Vice-President Philip Samar said that the resource sector has made direct contributions to the government totaling K2.9 billion to...

Photo: Ok Tedi Mine According to the Chamber of Mines and Petroleum, the resources industry contributes 39% to the nation's gross domestic product (GDP). As current mines near their end of life, such Ok Tedi, which will stop operating by 2030, vice president Philip Samar said exploration was essential for the industry's survival. “Exploration is ...

Photo credit: Kumul Petroleum - Ila Temu The government must now think about creating a strategy to facilitate the raising of equity capital for fresh resource projects. Dr Ila Temu, country executive director for Barrick Niugini Limited, stated that one of the major challenges that have to be resolved is the financing of equity for resource project...

The re-opening of Papua New Guinea's Pogera Mine must be accelerated as it is a key contributor to the foreign exchange says, BSP Financial Group (BSP) CEO Robin Fleming. The mine has been closed since 2019, but a reopening is imminent after representatives of Mineral Resources Enga and landowners recently signed the shareholder agreement. Foreign e...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce that it has published its 2021 Sustainability Report. This is K92’s third annual sustainability report, outlining the environmental, social and governance (“ESG”) practices and performance of the Company. The report builds on the progress of our reporting and disclosures including key m...

The Shareholders Agreement has finally been approved in Port Moresby by Mineral Resources Enga and the Landowners of the Porgera Gold Mine in Enga Province. Nixon Mangape, director of Mineral Resources Enga (MRE), stated that although MRE had been expected to approve the shareholder's agreement four to five months prior, there were still certain concer...