• 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.

  • 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.

  • 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.

  • 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.

  • Strong Misima sampling results

    SURFACE extension channel sampling at the Umuna Zone of WCB Resources’ Misima Island Gold-Silver Project has returned strong results. Outcropping surface mineralisation has been identified over significant widths.

  • PanAust submits Frieda River SML application

    PANAUST has registered a Special Mining Lease (SML) application for the Frieda River Copper-Gold Project with the PNG Mineral Resources Authority. The application follows completion of a feasibility study and lodgement satisfies a condition of the exploration licence.

  • Exploration to resume at Mixing Zone

    CRATER Gold will resume exploration within the Mixing Zone at the Crater Mountain Gold Project with a view to carrying out diamond drilling in a 300 metre zone between the High Grade Zone (HGZ) mine and the Mixing Zone (MZ). There is no historical data for this section.

  • Era likely to add to Yandera resource

    ENCOURAGING results have been received from the 2016 drilling campaign at Era Resources’ Yandera Copper Project. The drilling may add extra resources with an updated estimate expected by the end of 2016.

  • Record production at Simberi

    ST Barbara Limited achieved record annual production of 110,286 ounces at Simberi Gold Project during the financial year ending June 30, 2016. This was 39% higher than the 79,568 ounces produced in FY15 and exceeded the FY16 guidance of 100,000 to 110,000 ounces.

  • Star Mountains drilling resumes

    HIGHLANDS Pacific and joint venture partner Anglo American have recommenced exploration drilling at the Star Mountains Copper-Gold Project in Papua New Guinea. The US$3 million program, which will increase the 2016 Star Mountains exploration budget to US$9 million, was due to commence in September and is scheduled for completion by the end of 2016.

  • Record production at Lihir

    NEWCREST Mining achieved record gold production of 900,034 ounces at its Lihir mine during the financial year ending June 30, 2016. The production increase was made possible by record grinding throughput of 12.1 million tonnes for the 12 months.

  • Wafi-Golpu SML application submitted

    THE Wafi-Golpu Joint Venture has submitted an application for a Special Mining Lease (SML) for the Wafi-Golpu Copper-Gold Project with the Mineral Resources Authority of Papua New Guinea. The 50:50 JV partners are Newcrest Mining and Harmony Gold Mining Company.

  • Harmony acquires 100% of Hidden Valley

    HARMONY Gold has signed an agreement to purchase Newcrest PNG 1, the wholly-owned subsidiary of Newcrest Mining which holds Newcrest’s 50% interest in the Hidden Valley joint venture, for a cash consideration of US$1. This will give Harmony 100% ownership of the mine.

  • Encouraging results from Kili Teke

    ENCOURAGING results have been received from drilling at Harmony Gold’s Kili Teke Copper-Gold Project in the Papua New Guinea Central Highlands, west of the operating Porgera mine. The drilling is being carried out in a bid to expand the maiden Kili Teke resource along strike and down dip.

  • K92 advances Kainantu restart

    WITH the reverse takeover between Otterburn Resources Corp and K92 Holdings International Limited complete, K92 Mining is concentrating on restarting mining and processing at the Kainantu Gold Project. A new detailed mine plan for the Irumafimpa deposit is guiding the process.

  • Frieda River study outlines larger development

    THE recently completed feasibility study for the Frieda River Copper-Gold Project outlines a much larger-than-expected development with a $US3.6 billion cost. It contemplates a large-scale, open-pit mining operation feeding ore to a conventional process plant with nominal annual throughput capacity of 40 million tonnes.

  • Frieda River lease application submitted

    A Special Mining Lease (SML) application for PanAust Limited’s Frieda River Copper-Gold Project in Papua New Guinea has been registered with the Mineral Resources Authority (MRA) of PNG. The application follows completion of the project feasibility study.

  • Kula and WCB consider joint venture

    KULA Gold and WCB Resources are considering the possibility of a joint venture which would bring together Kula’s Woodlark Island Gold Project and WCB’s nearby Misima Gold Project. Both assets are on islands in Milne Bay Province and the companies believe there is significant upside in a joint development.

  • Studies confirm Golpu is robust

    STUDIES for the Golpu component of the Wafi-Golpu Joint Venture between Harmony Gold and Newcrest Mining have confirmed a robust investment case that supports proceeding with the project. Study results are supported by high grades and early cash flow while costs will be in the lowest quartile for copper.

  • Funds for Nautilus seafloor project

    NAUTILUS Minerals aims to raise up to C$103 million to advance construction and development of the Seafloor Production System which will be used to mine the seafloor at the Solwara 1 project in the Bismarck Sea off Papua New Guinea.

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