Bougainville moratorium partially lifted

THE Bougainville region’s autonomous government (ABG) has lifted a decades-long moratorium on mining and exploration in sections of the region. The ABG says its bureaucracy has built the skills to handle applications.

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Lower costs at Lihir Gold Project

A REDUCTION in all-in-sustaining costs (AISC) at Newcrest Mining’s Lihir Gold Project during the March quarter helped the company achieve its lowest overall all-time AISC of US$713 per ounce, which was 5.1% lower than the previous quarter. AISC at Lihir in the period was $822, down from $883 in the December 2016 quarter and $950 in the September 2016 quarter.

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Record monthly output at Ramu

THE Ramu Nickel-Cobalt Project remains on track to achieve annual output of more than 32,000 tonnes of nickel and 3300 tonnes of cobalt during 2107. This follows a record month in May when 3068 tonnes of nickel and 292 tonnes of cobalt were produced.

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Gold Mountain plans Crown Ridge drilling

GOLD Mountain Limited intends to undertake a diamond drilling program at the Wabag area of its flagship Crown Ridge project in Enga Province of the Highlands Region. The drilling is expected to begin in the current quarter and will test multiple gold targets with the aim of completing a maiden JORC resource estimate.

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