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High Arctic says all PNG drilling halted

CANADIAN oil and gas drilling rig provider High Arctic reports that it has received formal notification from its main customer in Papua New Guinea that it is suspending all drilling operations in the country until further notice. High Arctic said the customer’s decision to suspend and defer operations is in reaction to the current low oil and gas prices and the COVID-19 pandemic. The company is now working with the

Air Niugini delays delivery of four 737 Max Jets until at least 2024

AIR Niugini has updated its purchase contract with the Boeing Company to delay the delivery of the four Boeing 737 MAX jets it has on order until at least 2024. The airline’s managing director, Alan Milne, said the four 737 MAX jets were ordered in 2014, and the airline had originally been due to receive its first aircraft later this year. “This delay will give the airline more time to

Canterbury looking for Golpu style targets at new Morobe copper-gold project

JUNIOR PNG mineral explorer Canterbury Resources Limited has successfully lodged an Exploration Licence application covering the Idzan Creek and Wamum copper-gold porphyry systems located northwest of the major Wafi-Golpu Project in Morobe Province Managing director Grant Craighead said the new tenement further strengthens Canterbury’s interests in the region and covers prospects where historic drilling has demonstrated the existence of fertile copper-gold porphyry style mineralisation systems. Mr Craighead said that once

Horizon elects to terminate CEO Sheridan during PRL-21 investigation

PNG oil and gas explorer and developer Horizon Oil has decided to terminate the employment of CEO Michael Sheridan while it investigates allegations the company made a payment to a senior Government official to acquire an interest in Petroleum Retention Licence (PRL) 21 in 2011. Mr Sheridan was originally suspended on February 12, 2020, when the company elected to further investigate claims related to the PRL-21 deal. Horizon told shareholders

Gold Mountain confident it is onto something in PNG’s Highlands

GOLD Mountain Limited (ASX: GMN) continues to strike exploration success with its ongoing targeted diamond drilling programme at the Monoyal Prospect at its flagship Wabag Project in the Papua New Guinea Highlands. Assays from the latest DD hole as Wabag assay showed that it intersected a broad, 124 m zone of >1,000 ppm Cu and >100 ppm Mo from a down-hole depth of 125 m. Contained within this intercept are

Outstanding results put Kingston on target to restart historical Misima mine

Kingston Resources Limited appears to be on target to bring the historic Misima mine back into production with of promising results from the latest definition drilling campaign at the Ewatinona deposit. Managing Director, Andrew Corbett, says the Phase 2 Resource programme at Ewatinona, part of the Quartz Mountain region at the 2.8Moz Misima Gold Project, is off to a strong start, with encouraging high-grade results delivered from the first three

Horizon denies any knowledge of alleged PNG payment

AUSTRALIAN petroleum company Horizon Oil says it has no actual knowledge of any wrongdoing relating to a reported transaction to PNG officials to acquire an interest in Petroleum Retention Licence 21 (PRL 21) in the Western Province of Papua New Guinea. The company has also denied knowledge of reports that leaked documents concerning the matter have been provided to the Australian Federal Police (AFP) and the Australian Securities and Investment

Twenty-six graduate from OTML’s Traineeship and Apprenticeship Programmes

TWENTY-six young Papua New Guineans were the proud recipients of certificates after graduating at the 35th Combined OTML Graduation Ceremony held in Tabubil recently. The graduands from the three different training schemes; Graduate Development, Apprenticeship Training and the Preferred Area Development Training (PAD) – Business Studies have now completed their 2 to 4 years traineeship with the company. “Ok Tedi takes very seriously our commitment to the development of young

K92 ready to take next big step at Kainantu

CANADA’S K92 Mining Inc. is confident it is ready to move to the next level as a gold producer after achieving significant upgrades to pleased to operations and Stage 2 expansion at its producing underground Kainantu Gold Mine in Papua New Guinea. Chief Executive Officer and Director, John Lewins, said Kainantu has recently undergone a significant expansion and modernisation of the mining fleet. The fleet expansion includes not only an

Mayur on track for Gulf Province coal project

MAYUR Resources has completed the first phase of its resource upgrade and extension drilling programme at the Depot Creek Coal Project in Papua New Guinea’s Gulf Province. The programme included the completion of 45 shallow backpack rig holes reaching depths of up to 9m to test and confirm seam continuity across the deposit. The field work also included the collection of 14 channel samples at various out cropping seams. Managing