Mining has never been this lucrative, as proven in a report by K92 Mining which said that in the third quarter of the year, has harvested at least 22,261 oz AuEq (gold equivalent) at its Kainantu Gold Mine in Papua New Guinea.To be more specific in Q3, K92 has come out with 21,298 ounces of gold, 488,020 pounds of copper and 7,127 ounces of silver, or 22,...

To grow its economy, the new Autonomous Bougainville Government has looked at the Panguna mine as a key target. According to Bougainville President Ishmael Toroama, aside from Panguna, the government is also looking at other factors such as projects in agriculture, mining, fisheries, and tourism - that generates revenues and increases employment in Bougai...

Because of the pressing issues surrounding four mines in the country - Ramu Nico mine in Madang, Ok Tedi in Western, Porgera in Enga and Sinivit in East New Britain - Environment and Conservation Minister Wera Mori said an assessment will be done to determine their environmental and socio-economic impacts. Mori said that officials from the Conservation an...

Production sharing contracts have always been specific to oil and gas and therefore never works in the mining sector. This, according to the CEO of Global Miner, Barrick Gold, who added that the highest risk in gas and oil is exploration and once you put it in infrastructure, you just pump forever.“This is where production sharing is a classic example, wh...