Prime Minister Hon. James Marape has welcomed the reopening of Porgera Mine, which is set to officially restart under SML 13 on 22 December 2023 with New Porgera Limited (NPL) expecting its first gold in the First Quarter of 2024. Prime Minister Marape said New Porgera examplifies a new direction in the handling of negotiations with mining companies fo...

Ok Tedi Mining Limited projects over K30 billion (US$8.0 billion) in Social Benefits, which includes taxes, royalties, and dividend payments, over the next 27 years. This is based on the company’s current Strategic Business Plan which includes Life of Mine (LOM) extension to 2050, ushering in significant sustainable development for mine operation impac...

New Porgera Limited (NPL) is pleased to announce that all legal and contractual conditions necessary for the reopening of Porgera Mine have now been met and the mine is set to officially restart operations on December 22, 2023. With the ramp up of operations, first gold is expected to be poured in the first quarter of 2024. As Prime Minister Marape not...

Freeport Resources Inc. is pleased to announce Papua New Guinea’s Minister for Mining, the Honorable Sir Ano Pala, has approved the renewal of the Yandera Copper Project’s Exploration License 1335 (“EL”) through November 19, 2023, in accordance with the regulatory processes prescribed by the Papua New Guinea (“PNG”) Mining Act. “We are pleased to have ...

PanAust’s Papua New Guinea Country Manager, Joel Hamago, recently attended the opening of Paupe Village Clinic’s new maternity ward. Located near the Frieda River base camp in Papua New Guinea, the maternity ward provides a safe and supportive environment for expectant mothers from the East and West Sepik Region.  Its opening is a result of an ongoing ...

New Porgera Limited (NPL) welcomes the passing of the Mining (New Porgera) (Amendment) Act 2023 by the National Parliament on 29 November 2023 which paves the way for the mine to reopen this year. Since the grant of SML13 on 13 October 2023, representatives of NPL have spent the last six weeks at Porgera and Tari holding face-to-face meetings with over...

Prime Minister Hon. James Marape said that the Government is expected to make a major announcement concerning the Wafi-Golpu Mine project in Morobe. This eagerly awaited announcement is set to take place during the forthcoming PNG Mining and Petroleum Conference scheduled for next month in Sydney, Australia. The Prime Minister said this during a press ...

Prime Minister Hon. James Marape has officially welcomed Newmont Corporation, the world's leading gold company, into Papua New Guinea. He made the welcome, Monday, November 6, 2023, during a joint press conference with Mr. Peter Toth, Chief Development Officer of Newmont, marking the company's acquisition of all Newcrest operations in PNG. Prime Minist...

Historic Mining-Industry Acquisition Sets the Standard for Gold and Copper Mining Newmont Corporation has announced it has completed the acquisition of Newcrest Mining Limited to create the world’s leading gold company with robust copper production. “Today marks a historic milestone in our company and the industry with the successful completion of t...

Mayur Resources Limited is pleased to announce the execution of an Investment Agreement with Vision Blue Resources, led by Sir Mick Davis, for a proposed investment of US$40 million for a 49% equity share (the Proposed Investment) in Mayur’s Central Lime Project (CLP). The execution of this long form Investment Agreement formalises the Term Sheet annou...

A leadership delegation from the owners of the Frieda River Copper-Gold Project met with senior executives from PNG’s Mineral Resources Authority (MRA) and the Conservation Environment Protection Authority (CEPA) to discuss the permitting of the project and the best practice environmental standards the project is committed to delivering. Operated by Pa...

PNGX Group, operator of Papua New Guinea’s national stock exchange - PNGX Markets, welcomes Newmont Corporation (PNGX Code: NEM) to the market. Newmont will be the first company to be listed in PNG using depository interests, known as PETS Depository Interests (“PDI”). Newmont has interests in the Lihir gold operation and the Wafi-Golpu gold and cop...

Mayur Resources Limited is pleased to provide an update on progress at the Central Lime Project (CLP) and an update on its equity and debt funding package for the CLP. Mayur’s Managing Director, Paul Mulder, stated:  "The recent achievements at the Central Lime Project, including the wharf successfully receiving its first shipments, signify more tha...

Shareholders of the Ok Tedi Mining Limited (OTML) have a reason to smile today as the Company paid an interim dividend of K100M on Thursday October 26th while also citing a positive outlook for a final dividend payment for December 2023. OTML Board Chairman Jeffrey Innes said, “We are proud to say that OTML is committed to deliver maximum returns to ou...

Bougainville Copper Limited can confirm that good progress has been made with the Autonomous Bougainville Government (ABG) with respect to ending Judicial Review proceedings relating to the Company’s EL01 exploration licence in the Panguna project area. In January 2018, the ABG refused an extension EL01 with BCL maintaining that the application process...

Mineral Resources Authority’s (MRA) Acting Managing Director (AMD) Jerry Garry, has assured the owners of the Pan Aust Limited, that the PNG Government was committed to progressing the Frieda River Project Special Mining Lease (SML) application, in accordance with the legal process. Pan Aust is the company that has been operating the Frieda River Coppe...