According to a provincial official, mine safety laws need to be updated to keep up with current trends and practices. This was said by Levi Mano, the deputy administrator of East New Britain, at the beginning of a consultation forum for the New Guinea Islands area on the mine and works on safety and health bill 2021, which includes the Mine Safety Act ...

Small-scale alluvial mining will be regulated, according to an official, since the impact on the environment, people's health, and safety is significant. Winterford Eko, acting deputy secretary of the Mineral Policy and Geohazards Management Department, said individuals should be informed of the repercussions of a specific activity. “The Government ...

The state's 67 percent stake in Ok Tedi Mining Limited has been transferred to Kumul Minerals Ok Tedi Limited (KMOTL). Kumuls Minerals Holdings Limited's subsidiary KMOTL is a wholly owned subsidiary of Kumuls Minerals Holdings Limited (Kumul Minerals). The paperwork for the transfer of shares were signed in Government House. It's the culmination of...

Geopacific Resources Ltd has received funding of AU$100 million (K257.5 million) for the construction of its gold and silver mine on Woodlark Island in Milne Bay, Papua New Guinea. Chairman Ian Clyne stated that the money will come from a loan facility. He expressed gratitude to the Mineral Resources Authority for assisting in the successful develop...

Hon. Rodney Osioco, the ABG Minister for Mineral and Energy Resources, has announced that the Bougainville Government will no longer partially lift the existing mining reservation or moratorium in selected areas of Bougainville for mineral exploration endeavours in new or "greenfield" sites until certain issues are resolved. This is in line with a fund...

According to the Department of Mineral Policy and Geohazards Management (DMPGHM), post-mine life is an important subject under study under the Mine Safety Act of 1977.  This was emphasized at a Goroka-based regional consultation conference for mining sector stakeholders. Acting deputy secretary Winterford Eko stated that a review was necessary due t...

Freeport Resources Inc. is pleased to announce that it has signed a definitive share purchase agreement, dated effective June 25, 2021, with Carpo Resources Inc. (“Carpo”), and each of the shareholders of Carpo (collectively, the “Vendors”), pursuant to which the Company proposes to acquire all of the outstanding share capital of Carpo from the Vendors (t...

Prime Minister James Marape has stated that the Wafi-Golpu mine project's long-term development forum will begin next month. He made the statement during a visit to Bulolo's Mumeng local government to inaugurate a number of initiatives. “The Wafi-Golpu development forum will be staged next month,” Marape said. “If there is anyone with issues rega...

The May River project in West Sepik has been acquired by Kainantu Resources Ltd (KRL) under formal agreements. Chief executive officer Matthew Salthouse said, “The May River project is an exciting acquisition for KRL, given its location in an exceptionally prospective and proven district for significant copper-gold projects.” May River, according to...

Photo Credit: K92 Mining Inc Production at the K92 mine in the Eastern Highlands was hampered in the first quarter by explosive supply difficulties and a rise in Covid-19 cases, forcing the firm to decrease personnel on the mine site. The prohibition of fly-in fly-out travel for top expatriate personnel by the Australian government in the second qua...

The PNG Extractive Industries Transparency Initiative (PNGEITI) has praised the open stakeholder dialogue culminating in reaching consensus to re-open the Pogera Mine in Enga.  Parties in April this year sanctioned a “Framework Agreement for the New Pogera Project” which spells out the roadmap to reopen the mine. Mark Bristow, CEO and President of B...

According to Mark Bristow, president and CEO of Barrick, the Porgera gold mine has reserves of about 10 million ounces. He claimed that the 10 million ounces of resources will be enough to sustain the mine for the next 20 years. “We’ve got enough resources over 10 million ounces to be able to support a 20-year life. Reserves mean that you finance by...

Prime Minister James Marape has confirmed changes are coming to the country’s regulatory and fiscal regimes for the mining and petroleum industries, but also assured businessmen that Papua New Guinea would honor all its commitments under the law and the industry would be consulted closely for any changes. Speaking in a webinar organized by the PNG Cham...

Prime Minister James Marape said the government could look at a hybrid tax regime for mining and oil and gas after members of the Papua New Guinea Chamber of Mines and Petroleum pointed out the flaws of a production sharing agreement (PSA) system. John Chambers, the general manager of Santos in PNG, warned that PSA-style regimes had been detrimental to...

The national and provincial governments, as well as the landowners, are all responsible for the success of the "new Porgera" mine, according to Barrick Niugini Ltd (BNL). Before the mine reopened at the end of the year, BNL president and CEO Mark Bristow said unlawful mining and lawlessness in the region needed to be handled. He reminded the inhabitant...

According to Mark Bristow, president and chief executive officer of Barrick Niugini Ltd (BNL), the cost of restarting the Porgera mine is roughly US$300 million (K1.052 billion). Bristow indicated that just caring for the mine cost BNL US$120 million (K421 million) and that restarting mining operations at Porgera would cost another US$180 million (K625 mi...