Lion One Metals has secured a US$40 million debt facility with Chinese companies Sinosteel Equipment & Engineering and Baiyin International Investment.
Mayur Resources (MRL) has been granted environmental approval for bulk sample extraction of coal in Papua New Guinea (PNG), as well as PNG’s first vertically integrated lime and cement project.
Nautilus Minerals has entered a $US34 million agreement with lender Deep Sea Mining Finance for deep-sea mining development in Papua New Guinea, but continued local pressure continues to shake the project to its core.
According to local media reports, Exxon Mobil has shut down its operations on 19 June 2018 after landowners burnt heavy machinery on PDL 8 site in a show of frustration over alleged non-payment of the Business Development Grant (BDG).