PAPUA NEW GUINEA - Seafloor project to move ahead

Nautilus Minerals and the Independent State of Papua New Guinea last week signed an agreement enabling the Solwara 1 seafloor project to move forward toward production with the full support of the State.

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PAPUA NEW GUINEA - New Marengo CEO

Marengo Mining has appointed current director Pieter Britz as chief executive officer, replacing founding director, president and current CEO Les Emery who has stepped down from the company.

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INDONESIA - Revised DFS for Tembang

Sumatra Copper & Gold has completed an updated definitive feasibility study (DFS) for the Tembang Gold-Silver Project. The DFS is based on a five-year plan mining ore reserves at a nameplate plant annual throughput rate of 400,000 tonnes to produce a total of about 169,000 ounces of gold and 1.8 million ounces of silver.

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INDONESIA - Barisan mobilizing second drill rig

Barisan Gold Corporation is mobilizing a second drill rig to its Upper Tengkereng gold-copper porphyry discovery, in Aceh province of northern Sumatra. This will enable the company to accelerate the drill program after receiving successful drill results from the first five holes.

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