The government hopes to issue the Special Mining Lease (SML) for the Wafi Golpu project by October, 2023. Mining Minister Hon Sir Ano Pala, revealed this on Thursday in Lae, during the Wafi Golpu stakeholders consultative meeting. Sir Ano said there were only three processes left that needed to be completed before the SML could be granted. They are ...
Papua New Guinea will gain over 55 percent economic value in benefits, from the Wafi Golpu project, said Prime Minister (PM) Hon James Marape yesterday in Lae. The PM said this in his address to landowners and stakeholders of the Wafi Golpu project, who gathered at the Sir Ignatius Kilage Indoor stadium, for the project’s stakeholders consultative meet...
Mining Minister Honourable Sir Ano Pala, officially opened the Porgera Mining Project Development Forum, recently at the Enga Teachers’ College in Wabag town. He was accompanied by the Prime Minister Honourable James Marape, Enga Governor Honourable Sir Peter Ipatas, Vice Minister for Mining Honourable James Donald, Hela Governor Honourable Philip Undi...
The government has set aside K700m for infrastructure development and re-settlement programs for the Progeria Mine Special Mining Lease (SML) landowners. This money will be drawn down over a seven-year period. Prime Minister Honourable James Marape announced this recently during the project’s Development Forum at the Enga Teachers’ College in Wabag,...
Prime Minister Hon. James Marape has emphasised the need for all parties involved in the New Porgera Mine to avoid any further delays in reopening the mine. The call comes in the wake of a ruling recently by the Supreme Court against a court order issued last Friday, which had sought to halt the proceedings of the New Porgera Development Forum scheduled t...
Mayur Resources Limited is pleased to formally announce the appointment of Mr John McBride as CEO of Mayur’s Central Lime Project. The appointment of Mr McBride follows the recent agreement with Sir Mick Davis’ Vison Blue Resources to invest US$40m in the Central Lime Project for a 49% equity stake. Mr McBride has extensive experience in global materia...
Mayur Resources Limited is pleased to announce that it has executed a Term Sheet with Vision Blue Resources (“VBR”), a clean energy related investment firm led by Sir Mick Davis, for an investment of US$40 million for a 49% equity share in the Project. Mayur believes that the Proposed Investment will be sufficient to satisfy the total equity funding requi...
Warden’s Hearing for the Porgera Mine has been successfully concluded. The hearing was held at Paiam Oval in Porgera on July 31, and in Tari Town Square Hela Province on Aug 1, with regards to the Special Mining Lease (SML) 13 and 15 supporting tenements. Major stakeholders to the hearing process were the impacted landowners and the applicant New Po...
Barrick Gold Corporation is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event a...
The Independent Consumer and Competition Commission (ICCC) has given the Newmont Corporation the green light to proceed with its proposed acquisition of Newcrest Mining Ltd. Newmont's Chief Executive Officer, Tom Palmer, expressed his appreciation to the ICCC in PNG for their meticulous review and clearance of the acquisition proposal for Newcrest, paving...
K92 Mining Inc. is pleased to announce that the Board of Directors has authorized the Company’s award of the engineering, procurement, construction and commissioning (“ EPC ”) Lump Sum Contract for the 1.2 million-tonnes-per-annum (“ mtpa ”) Stage 3 Expansion Process Plant to GR Engineering Services Limited (“ GRES ”) following a tender process. The EP...
The PNG Chamber of Mines and Petroleum (“the Chamber”) is pleased to welcome on board Touchstone NDT Limited as its newest member. As a new service member Touchstone NDT Limited like all other service members can participate in Chamber events at discounted offers which adds more value to their business by networking with other service members as well a...
The first step towards reopening of the new Porgera Mine has started today following a Security Forum where leaders and security forces appealed to warring tribes surrounding the mine to stop their tribal conflicts, which affects the mine, businesses and the Porgera Valley. “The National Government is working day and night to ensure the mine is reopene...
President and CEO of Barrick Gold Corporation, Mark Bristow, has on Monday (17.07.23) met with Prime Minister Hon. James Marape to discuss recent progress and the status of the matters remaining to be completed in anticipation of the reopening of Porgera Mine. Prime Minister Marape welcomed Mr Bristow’s statement that Barrick was committed to PNG “for ...
K92 Mining Inc. is pleased to announce production results for the second quarter (“ Q2 ”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 30,794 oz AuEq or 27,405 oz gold, 1,526,547 lbs copper and 34,001 oz silver, representing an increase of 18% from Q2 2022 and 43% from Q1 2023, respectively. Sales during the quarter were 28,141 oz gold, 1,657...
The Government of Papua New Guinea, through the Mineral Resources Authority, has granted six exploration licenses to PanAust, the parent company of Frieda River Limited. Mining Minister, Sir Ano Pala, stated, "The approval of these exploration licenses is a demonstration of the government's commitment to move the Frieda River Project forward." PanAu...
Follow on LinkedIn:
Be the "First" to get our exclusive Digital Magazine & Weekly Newsletter.
Our website uses cookies. By continuing to use this website, you are providing consent to our use of cookies.