PYBAR explores PNG opportunities

AUSTRALIA’S third largest underground mining contractor PYBAR Mining Services says Papua New Guinea has emerged as a potential new market for the company. The company believes PNG is attractive due to its resilient gold industry and pipeline of expansion projects.

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Ok Tedi contributes to communities

IN August Ok Tedi Mining Limited (OTML) paid out more than K40 million to Community Mine Continuation Agreement (CMCA) communities under CMCA Extension Agreements. These agreements were signed in December 2012, formalising community consent for the extension of Ok Tedi mine life from 2015 to 2025.

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Nautilus production support vessel advances

MARINE Assets Corporation (MAC) is moving forward with construction of a production support vessel (PSV) to be used by Nautilus Minerals and PNG partner, Eda Kopa (Solwara) Ltd, for seafloor operations at the Solwara 1 project in the Bismarck Sea. The 227 metre-long vessel is being built at Fujian Mawei Shipbuilding in China.

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Coppermoly hosts Ever Leap visit

REPRESENTATIVES of new Coppermoly investor Ever Leap Services have visited the company’s New Britain to familiarise themselves with the company’s two main tenements – Nakru and Simuku. The visitors also assessed the potential to apply their considerable engineering and mining expertise to further development of the properties.

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