Mining affairs in Papua New Guinea are often portrayed as tricky, but St Barbara and Geopacific Resources are two Australian companies that say otherwise.
Barrick Gold has flagged massive job losses at the Porgera gold mine in Papua New Guinea after the country’s government refused to extend a mining lease at the site in April.
Newcrest Mining and Harmony Gold are set to resume talks for their Wafi-Golpu gold-copper joint venture project in Papua New Guinea after facing delays in securing project permits.
The Papua New Guinea Government has given project partners Total, Exxon Mobil and Australia’s Oil Search the green light to proceed with the $20 billion liquefied natural gas (LNG) project.
Newly elected Papua New Guinea (PNG) Prime Minister James Marape has declared he is “striving to economically free” the country through mining law reform.
Nautilus Minerals’ production support vessel (PSV) has been acquired by Indian company MDL Energy in a blow to Nautilus’ deep-sea mining plans.
Newcrest Mining and Harmony Gold’s Wafi-Golpu joint venture (JV) gold project has taken a forward step after the signing of a memorandum of understanding (MoU) with the Government of Papua New Guinea yesterday.
ASX-listed RTG Mining has presented its redevelopment proposal for the Panguna mine to the House of Representatives in Bougainville in a significant step forward for the project.
Total has secured a four-year contract with Newcrest Mining at its Lihir gold mine in Papua New Guinea (PNG).
Santos has confirmed the presence of a significant natural gas resource at the Barikewa-3 well located in permit area PRL9, onshore Papua New Guinea.
Newcrest Mining has delivered production records at three of its mines, the Cadia gold mine in New South Wales, Telfer copper-gold mine in Western Australia and Lihir copper-gold mine in Papua New Guinea.
Nautilus Minerals has announced that a shipbuilding contract between contractor Marine Assets Corporation (MAC) and shipyard Fujian Mawei Shipbuilding has been rescinded.
Nautilus Minerals has entered a $US34 million ($45 million) agreement with lender Deep Sea Mining Finance for deep sea mining development in Papua New Guinea.
The PNG LNG project in the Highlands of Papua New Guinea, damaged by a powerful earthquake in late February, has now resumed normal production according to project co-venturers Santos and ExxonMobil.
Gold miner St Barbara has released its third quarter (Q3) results, posting an overall steady performance, with no debts and improved production guidance, but a slight dip in gold production when compared with previous quarters.
Arbitrator Richard Chesterman QC has made a first stage decision in the dispute between Papua New Guinea-focused Highlands Pacific and PanAust over the former’s 20 per cent interest in the Frieda River joint venture. PanAust, a subsidiary of China’s Guangdong Rising Assets Management (GRAM), entered into a JV agreement with Highlands over the Frieda River copper-gold … Continue reading Arbitrator sides with PanAust in first stage of Highlands Pacific proceedings
Landowners in Bougainville, an autonomous region of Papua New Guinea, have expressed backing for an RTG Mining-led consortium to take over the abandoned Panguna mine instead of Bougainville Copper (BCL).
Nautilus Minerals’ long-in-development Solwara 1 deep sea mining project, located in offshore Papua New Guinea, has fond itself the topic of local legal action against the PNG Government.
Deep-sea mining has a storied history; people have been attempting to tap the mineral potential of the Earth’s oceans for decades, with mixed results. As far back as the 1960s, interested parties have explored the concept with research vessels; the discovery of hydrothermal vents, which spew mineral-rich deposits from fissures in the earth’s surface.
Santos has signed an agreement to farm-in for a 20 per cent interest in a Papua New Guinea exploration licence from both ExxonMobil and Oil Search.