Photo credit: Porgera JV Barrick Gold CEO and President Mark Bristow will be in Papua New Guinea from 12th to 15th of October along with senior Barrick Gold executives, as a part of their quarterly review visits to Barrick operated mine sites throughout the world. Dr Bristow is expected to meet with Prime Minister James Marape and senior PNG Governm...

K92 Mining Inc. is pleased to announce that its Board of Directors has approved the Stage 2A Expansion, expanding the annual processing throughput to 500,000 tonnes per annum at its Kainantu Gold Mine in Papua New Guinea. This represents a +25% increase from the Stage 2 processing capacity of 400,000 tonnes per annum. Full commissioning of the Stage 2A Ex...

In the financial year 2021, Newcrest Mining Limited made a statutory and underlying profit of US$1.2 billion. In the 2021 annual report, Managing Director and Chief Executive Officer Sandeep Biswas stated, "It has been more than 18 months since the onset of the COVID-19 epidemic, and we are still experiencing its catastrophic effects throughout the wor...

Freeport Resources Inc. was recently granted an extension to its Exploration License for Nong River at the heart of its Star Mountains mine, while it still awaits ministerial endorsement for its license for its newly acquired Yandera copper mine. “The company is pleased to announce that its application to extend Exploration License Number EL 1312 has b...

According to the Mineral Resources Authority, discussions on a mining development contract for the projected K18.4 billion Wafi-Golpu mining project in Morobe will begin this week (MRA). Both the State and the mine's joint venture partners had conducted conversations, according to managing director Jerry Garry, and an assessment of those interactions w...

Lole Mining Ltd, a local business with foreign partners, will receive the mining license for the Tolukuma gold mine in Papua New Guinea. According to the Mineral Resources Authority, this will be done after transactions to offset mining obligations are completed (MRA). The mining advisory council has previously approved an application for the deal's...

Photo credit: PNG Mine Watch According to Mining Minister Johnson Tuke, alluvial mining will be reserved for Papua New Guineans through policy initiatives. He said he wants to support alluvial miners by making it a reserved business for locals during an alluvial mining conference at the University of Technology in Lae. He claimed that the mining ...

Despite an increase in export and revenue, gold output in the alluvial mining industry has remained stable for the past 13 years, according to an official. Export income has increased from K100 million to over K600 million yearly in 2019 and 2020, according to Mineral Resource Authority managing director Jerry Garry. However, he stated that manufact...

According to Mayur Industrials chief operating officer Trent Alexander, construction on the Central Cement and Lime (CCL) project will begin in the first half of next year. Mayur Industries is a Mayur Resources Ltd subsidiary. The first phase of the project, a 2 Kiln Quick/Hydrated lime factory, cost around K300 million, according to Alexander. A...

According to an official, a firm awarded special economic zone designation for a K1.3 billion cement and lime project hopes to lower construction material prices in the country. Mayur Industries is a Mayur Resources Ltd subsidiary. Trent Alexander, the project's chief operating officer, stated that the project will now be able to establish cheaper b...

Photo credit: Kainantu Resources Kainantu Resources Ltd, the Asia-Pacific focused gold mining company provides an update on completion steps to acquire control of the May River Project in the world-renowned copper-gold district of Frieda River, Papua New Guinea (“PNG”). Background In a press release dated June 15, 2021 (“June Release”), KRL annou...

Photo Credit: Ilya Gridneff/AAP The ABG Minister for Mineral & Energy Resources, Hon. Rodney Osioco, announced today that the Bougainville Executive Council (BEC) has endorsed for unlicensed gold and other minerals to be treated as “restricted items” at all port facilities (airports and wharves) in the Autonomous Region of Bougainville. Under re...

Today, the Electric Mine Consortium (EMC) launched the ‘Electric Mine Simulation’ crowd challenge in partnership with the OZ Minerals Think & Act Differently ideas incubator and Unearthed. OZ Minerals, IGO, South 32, Blackstone Minerals, Evolution Mining, Barminco and Goldfields have committed to significantly reducing their carbon footprint. These...

Prime Minister James Marape of Papua New Guinea has charged the mining ministry, the Mineral Resources Authority (MRA), and the State Negotiating Team (SNT) with resolving the Wafi-Golpu project's delay by December. Marape was asked by landowner organisations to speed up the processes and resolve concerns that are delaying the project at a forum hosted...

Photo Credit: Mayur Resources Mayur Resources Limited welcomes the decision, formal notification and provision of a PNG Government Gazette and License from the Independent State of Papua New Guinea’s Special Economic Zones Authority Board (SEZAB), granting Mayur’s Central Cement and Lime project area SEZ status, in accordance with the SEZA 2019. Man...

Prime Minister James Marape of Papua New Guinea has told landowners and others participating in the Wafi-Golpu Mine project in Morobe that they will receive the best possible deal. He said that the project had been delayed for years due to the parties' inability to reach an agreement on problems that would allow mining to begin. In Mumeng, Bulolo, h...