The Mineral Resource Authority plans to decentralise as well as establish an office set up in Kainatu, as mentioned by Kainantu MP and Mining Minister Johnson Tuke during the visit of Prime Minister James Marape to Kainantu. “In my capacity as the Mining Minister I have been working closely with the Prime Minister and we will see that some government offi...

For its half-year financial results, Newcrest Mining has brought a profit of K1.8billion (US$533m).In the company’s market report, managing director and chief executive officer Sandeep Biswas said that the company has delivered a record free cash flow, lifted its dividend and looks at opportunities to unlock significant value at Lihir.“In 2018 we set ours...

For the nickel-cobalt mining project in Madang Province, production efficiency is still the number one priority. According to Ramu NiCo company president, Gao Yongxue, the employees of the mining project should take advantage of the scale-cost given that the world markets are going into recession. He has outlined the key project areas in 2021 - which incl...

Although an economist has embraced the progress of the Wafi-Golpu project, Paul Barker said that they should focus more on the reopening of the Porgera mine quickly since the former takes time. “With Wafi-Golpu, we still have much further to go,” he said. “(Reaching) an immediate and practical agreement between the Government, Barrick and partners over eq...

Ok Tedi Mining Limited (OTML) has announced that it has returned to normal production after the second of the two processing circuits which were damaged in a fire incident on the 20th of December 2020 was restored recently. OTML Managing Director and CEO, Musje Werror expressed his appreciation to the team who worked for almost 6 weeks. “The commitment sh...

The government of Papua New Guinea will spend K9 million to clean the toxic remains left by developer Niugini Gold Ltd. at the Sinivit mine in East New Britain. According to Environment, Conservation and Climate Change Minister Wera Mori, the firm left in 2014 without informing the government, claiming that the latter failed to renew its license. Mori sai...

After a landowner group has said that the Autonomous Bougainville Government has partnered with Caballus Mining, a firm based in Perth, to re-open Panguna Mina, its president, Ishmael Toroama has announced that the government is not colluding with any landowner groups or mining firms. “The idea of Caballus operating a mine on Bougainville has long been sh...

A decision on the environmental permit for the Frieda River copper and gold project in West Sepik is yet to be made.Environment, Conservation and Climate Change Minister Wera Mori said that the granting of the permit is not yet finished. “Frieda River is an ongoing project – meaning that PanAust, which has got the licence, is still conducting exploration,...

With the construction of the Wafi-Golpu copper and gold project in Morobe about to start because of its environmental permit, Papua New Guinea hopes to see a windfall of over K18 billion investment in its economy. Constructed by developers Harmony Gold Mining Company, this project is expected to cost at K17.26 million.“At this time when our economy is con...

According to Mining Minister Johnson Tuke, the Wafi-Golpu mining project is set to be licensed by end of July or August this year, adding that this project will take off by 2nd quarter of 2021. He noted that there is already a framework agreement and there is no best time for the license to be granted than that of July or August of this year. “I am very s...

In spite of the challenges in 2020, OK Tedi Mining Ltd (OTML) said it predicts a profit of US$200 million (K700.40mil) for 2020. This is an unaudited number, and the firm hopes to release the full-year report for 2020 later this year. “OTML expects a profit after tax of more than US$200 million (unaudited) for 2020 despite the challenges of the Covid-19 p...

K92 Mining expects another significant, year-over-year, increase in gold equivalent production of 16-36% to 115,000 to 135,000 ounces, while also delivering low-cost production, with an estimated cash cost of $515-$565 per ounce gold and all-in sustaining cost of $825-$875 per ounce gold. Additionally, the Company plans to ramp-up exploration activities a...

The production of K92 Mining for the last quarter of 2020 at its Kainantu gold mine in Papua New Guinea were as follows: 29,820 oz AuEq or 28,809 ounces of gold, 493,584 pounds of copper and 10,395 ounces of silver.The firm has also said that it represented a year-over-year production growth of 20% - with the record of 98,872 oz AuEq or 95,109 oz gold, 36...

Geopacific Resources Ltd has said that it needs all the necessary permits and approvals before it can start its operations. Geopacific Resources Ltd, the operator of the Woodlark gold project in Milne Bay, said that it has already obtained key approvals for the development, but it needed to secure all approvals, licences, or permits. “Even if an apparentl...

Following the lodgement of a mining lease (ML) application of its Orokolo Bay project in the Gulf, Mayur Resources Ltd says it is on its way to developing the first iron and industrial minerals project. According to the firm, the application is about the full-scale development of the project with a planned saleable production rate of 0.5 million tonnes pe...

In its 2020 operational report, Harmony Gold said that in 2021, the target is to safely mine the present cutback to have a production between 172,300 and 177,700 ounces while at the same time, beginning the next planned pushback of the main Hidden Valley pit. The report said, “Our aim is to obtain a renewal of the mining lease to support a proposed mine l...