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...

K92 Mining Inc. hit record-breaking production results for the fourth quarter of 2024 at its Kainantu Gold Mine in Papua New Guinea, signaling strong momentum ahead of its highly anticipated Stage 3 Expansion. The company reported on January 8 a gold equivalent (AuEq) production of 53,401 ounces, marking a 37% increase from Q4 2023 and a 21% rise from ...

Ok Tedi Mining Limited (OTML) recently replaced two of its 40-year-old Ball Mill Units at a cost of USD$14.59 million. The new Ball Mill units will bolster OTML’s processing operations and production output and generate revenue for our shareholders. The project was led by the Processing Maintenance Department with the support of other OTML departmen...

Ok Tedi Mining Limited (OTML) Managing Director and Chief Executive Officer Kedi Ilimbit is pleased with the progress of the Community Mine Continuation Agreement (CMCA) Extension Review. Mr Ilimbit said that the company has made significant progress with the community meetings and the Working Group Meetings (WGM) towards the end of 2024. "The signi...

As the year comes to an end, Papua New Guinea's Minister for Mining, Hon. Wake Goi, has expressed disappointment over unmet priorities in the mining sector for 2024. Despite these challenges, the Minister assured stakeholders that his ministry is committed to achieving its goals by 2025. In an exclusive interview with PNG Business News, Minister Goi...

The Minister for International Trade and Investment, Hon. Richard Maru described his recent meeting with the full Board and Management of Mayur Resources at the margins of the Papua New Guinea (PNG) Investment Week in Sydney as “highly satisfactory”. Minister Maru said: “The meeting allowed me to clarify to Mayur Resources a lot of issues that the Stat...

Ok Tedi Mining Limited (OTML) is on track to generate US$1.5 billion (K5.8 billion) in revenue for 2024. This is a significant increase from 2023 (31%), 2022 (45%) and 2021 (98%). Managing Director & Chief Executive Officer, Kedi Ilimbit, announced the record revenue at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Syd...

Ok Tedi Mining Limited is expected to generate K40 Billion in social benefits, taxes, royalties and dividends to its shareholders over the next 26 years. Managing Director & Chief Executive Officer, Kedi Ilimbit, revealed this recently during his presentation at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Sydney, Aus...

Papua New Guinea remains one of the world's premier destinations for mining investment, said the Minister for Mining, Hon. Wake Goi, during the recent PNG Investment Week in Sydney, Australia.  Minister Goi stressed PNG's vast mining potential and highlighted the country's mining sector growth, future prospects, and investment opportunities to more tha...

Mayur Resources Limited (Mayur) is pleased to announce the signing of a Binding Term Sheet Agreement with Pacific Unison Holdings Limited (PacUn) to complete the first development phase of the Orokolo Bay Industrial Sands Project (OBP) in Papua New Guinea. Under the binding agreement, PacUn has committed to fully fund the construction and commissioning...