The signing of the Mining Development Contract (MDC) and the Grant of Special Mining Lease (SML) 13, for the New Porgera Project, complied with due processes and laws, said Mineral Resources Authority’s Acting Managing Director Jerry Garry. Mr Garry said the ongoing consultations and negotiations pertaining to Community Development Agreements (CDA) for...

Mineral Resources Enga (MRE) on Friday October 13 2023, presented its position paper relating to the New Porgera Mine Community Development Agreement (CDA). MRE Chairman Kurubu Ipara, accompanied by directors Nixon Mangape and Mark Yakka, presented the position paper to Mining Minister Hon Sir Ano Pala at the Mining Haus. The presentation was witnessed...

A three-year technical cooperation between the PNG Extractive Industries Transparency (PNGEITI) and JICA will boost data transparency in the PNG Mining and petroleum sectors. This will be made possible with the signing of “Record of Discussion” between PNGEITI Stakeholders and JICA experts undertaken in August this year. The Record of Discussion whi...

Governor General Sir Bob Dabae recently granted a special mining lease to New Porgera Limited (NPL), clearing the way for Barrick Gold Corporation to restart production at the gold mine, which has been on care and maintenance for three years. This follows the signing of a mining development contract and the conclusion of a fiscal stability agreement fo...

K92 Mining Inc. announces production results for the third quarter of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 26,225 oz AuEq or 22,227 oz gold, 1,784,009 lbs copper and 40,233 oz silver. Sales during the quarter were 18,339 oz gold, 1,255,291 lbs copper and 30,484 oz silver. Production for the quarter was impacted from the safety inciden...

Bougainville President Hon. Ishmael Toroama has expressed great disappointment at several parties who have been misleading the people of Bougainville on the Autonomous Bougainville Government’s proposals to review the 2015 Bougainville Mining Act. President Toroama made this statement during his maiden address to the Bougainville House of Representativ...

The Manetai Limestone Project is progressing to its next phase of development as road access clearance and grubbing work in the project area paves the way for limestone resource drilling. In providing a project update to parliament, Hon. President Hon. Ishmael Toroama in his capacity as Minister for Mineral and Energy Resources reported that incrementa...

Prime Minister Hon. James Marape has hailed the signing of four agreements on Friday, October 13, 2023, as a “giant leap” towards the reopening of the Porgera gold mine in Enga. The agreements signed between the State and New Porgera Ltd include the Mining Development Contract, Special Mining Lease 13, Fiscal Stability Agreement, and Escrow Arrangement fo...

The regulator of the Capital Market of Papua New Guinea, the Securities Commission of Papua New Guinea (SCPNG) recently granted exemptions for the merger between the Newmont Corporation and Newcrest Mining Limited to proceed after being satisfied that all the requirements of the regulator were met. “We have now reached an understanding which is now cov...

Mayur Resources Limited is pleased to provide an update on the construction of the Central Lime Project’s (CLP) wharf infrastructure. Following construction commencing in June 2023, the inner rubble core of the wharf has now largely been completed. Mayur has continued to engage ‘lock step’ with the Regulator on the wharf infrastructure and will continu...

K92 Mining Inc. is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan to K92. In addition, the Papua New Guinea subsidiary of the Company, K92 Mining Limited, and Trafigura have amended and...

The National Government is committed to ensuring that the Porgera Mining Project commences operations before the end of this year. Mining Minister Hon Sir Ano Pala, said the government was in fact almost ready to grant the Special Mining Lease (SML) on 16 September, signaling the re-start of the mine. However, he said in the weeks leading up to that da...

The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. This marks a significant milestone for OTML, its shareholders and for Papua New Guinea in general and is a sign of the confidence the Board has in the company's ability to deliver over the next two decades. The approval is based on t...

Governor for Hela Province, Hon Philip Undialu on Friday Sept 08, 2023, presented his province’s position paper pertaining to the Porgera Mine Community Development Agreement (CDA), to the Mining Minister Hon Sir Ano Pala. The presentation was done at the Airways Hotel in Port Moresby, witnessed by Vice Minister Assisting the Prime Minister on State Ne...

The government has announced that it would propose an umbrella agreement to the landowners, impacted communities and stakeholders of the Porgera mine. The announcement was made in Alotau on September 7, 2023, by Vice Minister (VM) Assisting the Prime Minister, Hon Jimmy Maladina, in his closing remarks. He was speaking to landowners, impacted commun...

Governor for Western Province Hon Taboi Awi Yoto, this week presented his provincial government’s position paper, on the Porgera Mine Community Development Agreement (CDA) negotiation, to the Minister for Mining Hon Sir Ano Pala. The presentation was made in Alotau Milnebay province, where the State Team, landowners and impacted communities just conclu...