Great Pacific Gold Corp. (GPAC) is pleased to announce the commencement of drilling at its Arau Project in Papua New Guinea (PNG). Since acquiring Arau, the GPAC team has rehabilitated road access to the project and constructed nine drill pads. With access to exploration target areas complete, a reverse circulation (RC) drill rig was mobilised to the s...

The PNG Extractive Industries Transparency Initiative has expressed concern over unregulated mining activities in the country. Executive Director for PNGEITI National Secretariat, Mr. Lucas Alkan says alluvial mining are largely unregulated activities which raises concern. “Unregulated mining activities leaves authorities and stakeholders with limit...

Prime Minister Hon James Marape said Papua New Guinea will benefit from a total economic value chain of 53 % from the new Porgera mine, in the first 10 years of the total of 20 years of the mine’s operations. He said this when addressing parties to the Porgera project Community Development Agreement (CDA), who are negotiating benefits sharing arrangeme...

Enga Governor Hon Grand Chief Sir Peter Ipatas, has urged landowners of the new Porgera Mine, to find a balance in the current Community Development Agreement (CDA) negotiations, and have the agreement signed in a timely manner. He said the operator New Porgera Limited (NPL), had already started mining and that it was only appropriate that landowners t...

Theresa Jaintong, a prominent women’s representative from Panguna Mine, emphasized women's pivotal role in shaping Panguna’s future amidst historical grievances and environmental concerns. Speaking during the inaugural Papua New Guinea Resource Week, she addressed delegates, companies, stakeholders, investors, partners, and the media in Session 8 title...

MRL is pleased to announce the signing of a Non-Binding Exclusive Term Sheet (“Term Sheet”) with S&F Investment Advisors Ltd and ACAM LP (the "Investor"), for a proposed USD $50 million investment in MRL and its 100% owned MRCL subsidiary (the “Proposed Transaction”). Additionally, the Company is also pleased to announce an AUD $5 million placement...

Great Pacific Gold Corp. (GPAC) is pleased to provide an update on its portfolio of gold-copper assets within Papua New Guinea (“PNG”) consisting of four projects totalling approximately 2500 sq km. Arau Project The Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt. Victor Prospect, where previous...

St Barbara Limited recently announced revisions on their FY24 Guidance in relation to its Simberi operations updates. "St Barbara Limited (“St Barbara” or the “Company”) (ASX: SBM) is pleased to advise the outcomes of its Simberi Expansion Concept Study (“Concept Study”) and inclusion of the projections in this 10 Year Plus Mine Plan Outlook." "The ...

In a significant development regarding the Porgera Mining Project, the State Team overseeing the Community Development Agreement (CDA) negotiations has provided an indefinite time-off to the concerned parties for them to review and offer feedback on the draft CDA document before the negotiations recommence. The document contains various benefits for la...

St Barbara Limited has provided an important update on its gold production outlook from the Simberi Operations for Q4 June FY24. The Company has also revised its full-year production guidance due to ongoing challenges with equipment, fuel supplies, and air transport services resulting from inadequate availability of foreign currency affecting Simberi’s in...

The State Team involved in the Porgera Mining Project Community Development Agreement (CDA) negotiations, has given an indefinite time off to the parties to the CDA, to review and comment on the draft CDA document, before negotiations resume. The draft CDA document contains the various landowner and stakeholder benefits that are expected out of the new...

Mining Minister Hon. Muguwa Dilu has inaugurated the Community Development Agreement (CDA) negotiations for the Porgera Mining Project in Porgera, Enga Province.   The CDA process, which commenced on May 20 in Wabag, marks a pivotal juncture where landowners and stakeholders will deliberate on the benefits stemming from the Porgera Project. Minis...

PNG already has a gold refinery, national mint and national bank says Anthony Smaré, President of PNG Chamber of Resources & Energy (PNGCORE) so PNG does not need to go to a tiny Singaporean company Refinery Holdings Pte Ltd to replace them in a deal which could render catastrophic damage to the PNG economy and financial system. PNG has had its own...

The Papua New Guinea Chamber of Resources and Energy (PNG CORE) has reiterated its stand in support of building a refinery in the country that the state must build through Kumul Minerals Holdings Limited. Kumul Minerals has the financial and technical capacity to undertake gold refining in PNG, the Chamber said in a statement. Anthony Smaré, PNG COR...

Ok Tedi Mining Limited hosted the Minister for Mining and Member for Kundiawa Gembogl, Hon. Dilu Muguwa on his first official visit to the mine along with the Minister for Works and Highways and Member for Telefomin Hon. Solan Mirisim on Monday, 13th May. The visit provided the ministers an opportunity to gain a better understanding of the mine, apprec...

Managing Director of the Mineral Resources Authority (MRA) Jerry Garry, said there is an imbalance between the volume of mineral resources that are exported out of the country, and the amount of revenue the state is receiving. He told the stakeholders’ workshop on the National Gold Corporation Bill 2024 yesterday, that according to the PNG Extractive I...