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.
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A sea change for mining
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.
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Santos enters PNG exploration deal
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.
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PNG relinquishes stake in Bougainville Panguna mine to locals
Papua New Guinea (PNG) has given its share in the Panguna copper gold mine to the people of Bougainville in a historic move by the parliament.
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Rio divests shares in Bougainville Copper
Rio Tinto has given its 53.8 per cent share in Bougainville Copper (BCL) to an independent trustee, to allow Bougainville residents greater input into Panguna’s future.
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Newcrest reports Papua New Guinea death
Newcrest has reported the death of a worker at the Hidden Valley joint venture in Papua New Guinea over the weekend.
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Newcrest forced to shut Lihir gold mine for 36 hours
Newcrest was forced to shut down its Lihir gold mine in Papua New Guinea over the weekend after “illegal actions” by local community members.
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Rio to lose control over Panguna copper lease
A new bill passed by the Bougainville parliament has completed the drawdown of mining powers from the PNG national government to the autonomous region.
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Setbacks at Simberi gold mine PNG
Poor mining performance and delays to ramping up the new processing circuit have been cited as reasons for a modest March quarter at Simberi gold mine in Papua New Guinea.
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Record revenue sees Santos cruise past $1 billion
Santos have announced a record sales revenue of $1.1 billion for the fourth quarter of 2013 with the result driven by the company’s highest oil production in six years, strong oil prices and higher third party sales volumes.
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Three miners killed at Barrick’s PNG gold mine
At least three miners have been killed after a confrontation broke out at the Porgera gold mine in Papua New Guinea.
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GlencoreXstrata sells off PNG copper stake
GlencoreXstrata agreed on Friday to offload its 80 per cent stake in the undeveloped Frieda River mine in Papua New Guinea to Australian miner PanAust.
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