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...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) has endorsed the government's decision to delay the passage of the Gold Corporation Bill and seek wider stakeholder consultation. At a recent consultative workshop on Wednesday, 15th April 2024, Mining Minister Muguwa Dilu announced that all stakeholders would have the opportu...

PNG Chamber of Resources and Energy (PNG CORE) President Anthony Smaré has called for theState to conduct a 6-month extensive consultation nationally with all impacted stakeholders on the NGC Bill given its extremely negative consequences, in a letter delivered to the Minister of Mining and copied to Prime Minister Hon. James Marape and Deputy Prime Minis...

Prime Minister Hon. James Marape recently spoke at the Consultation Workshop on the National Gold Corporation Bill 2024, organised by the Ministry of Mining. The Prime Minister highlighted the government’s commitment to maintaining steadfast goals for downstream processing of gold and other resources in Papua New Guinea. “We have been exporting our nat...

The President of the Papua New Guinea Chamber of Resources and Energy (PNG CORE), Anthony Smare, recently gave a comprehensive presentation on the "catastrophic impact" of the proposed National Gold Bill 2022 in an Information Session held on Thursday, 9th of May, 2024 at the University of Papua New Guinea (New Lecture Theatre).  Mr Smare emphasised ho...

A PanAust delegation of seven met with Papua New Guinea Prime Minister the Honourable James Marape to discuss the nation-building Sepik Development Project that includes the Frieda River Copper-Gold Project and Frieda River Hydroelectric Power Project, amongst a multitude of other infrastructure projects that will enable the economic transformation of the...

Mining Minister Honourable Muguwa Dilu, has urged all landowners, impacted communities and stakeholders of the Porgera Mining Project, to fast-track the Community Development Agreement (CDA) process so that they could start receiving benefits. The Minister was speaking in Tari on Friday April 26, where he addressed the Hides-Porgera Power Line landowne...

Ok Tedi Mining Limited (OTML) recently renewed its Special Mining Lease (SML) 1 (0), gaining an additional 20-year lease term from 2022 to 2042. This is the second SML 1 (0) lease term extension for OTML. During the momentous event on 23th April, the Minister for Mining, Hon. Muguwa Dilu, encapsulated the rich history, significant achievements, and ...