Mining
FRONTIER Resources Limited has announced an aggressive upcoming fieldwork on the historic Tolukuma tenement. The conpany’s plans include geological mapping, soil rock and trench sampling to determine the extents of near mine prospects at the Saki, Kimono North and Kunda North gold vein systems. First gold was originally poured at Tolukuma in December 1995 by Dome Resources. Durban Roodepoort Deep Ltd (DP), subsequent owners and operators of Tolukuma Gold mines
THE PNG Chamber of Mines and Petroleum has welcomed the Government’s announcement to consult the industry on the review of major resource laws of Papua New Guinea. The Chamber responded to the positive news at the conclusion of the three-day PNG Mining and Petroleum Conference in Port Moresby following Prime Minister James Marape’s keynote address on Tuesday that his Government will consult the industry on the review of key legislations
MINERAL Resources Authority (MRA) managing director, Jerry Garry, has congratulated stakeholders of the Lihir Mine Compensation and Relocation Agreement (CRA) negotiations, for successfully completing 99% of the CRA process with Newcrest Lihir Gold Mining Limited (LGL). Mr Garry was on Lihir on a mine site visit and to meet LGL executives when he spoke to the stakeholders. The MD particularly thanked LGL for being a responsible corporate citizen of Papua
K92 Mining Inc. has hit a number of high-grade intersections from the continuing diamond drilling of the Kora North Extension of the Kainantu gold mine in Papua New Guinea. The results for the latest 10 diamond drill holes completed from both surface and underground into the Kora North deposit include multiple high-grade intersections, and in particular KMDD0147 & KMDD0147A, which are among the company’s most southern holes at Kora North
OK Tedi Mining Limited (OTML) and the PNG Civil and Identity Registry officially opened the NID (National Identification) office in Tabubil to progress the roll out of NID registrations in the township and Western Province communities. To coincide with the opening, the Acting Registrar General of PNG Civil and Identity Registry Noel Mobiha, under the Civil Registration Act Amended 2014, appointed Jeffrey Tom of Ok Tedi Mining Limited and Benny
KINGSTON Resources Limited has completed an updated geological model for the Quartz Mountain region, part of its 2.8Moz Misima Gold Project in PNG, to incorporate recent drilling and exploration data. An extensive internal review of existing Quartz Mountain geological data complemented by recent Kingston drilling, geochemical data and structural mapping has concluded that mineralisation in the area is primarily structurally controlled. Previous interpretations had mineralisation controlled by lithological contacts between
Kingston Resources Limited has reported that it now holds approximately 75% of the historic Misima Gold Mine in Milne Bay Province. The company said that following the August 2018 completion of its earn-in to 70% of the project, Kingston has funded 100% of the exploration activity at Misima. Under the terms of the JV agreement, this will see Kingston’s interest in the project increase further to what it now estimates
ANOTHER important milestone in PNG’s colourful mining history has been achieved with Canada’s K92 Mining Inc. giving the go-ahead to significantly expand production at the historic Kainantu gold mine. The expansion will double current capacity at Kainantu to 400,000 tonnes per annum, increasing annual production to an average of 120,000 ounces of gold equivalent. Based on a recently completed preliminary economic assessment (PEA) for Kainantu, the major outcomes resulting from the
ON his first visit to Papua New Guinea as the new president and CEO of Barrick Gold Corporation, Mark Bristow, said the global mining group is committed to strengthening the Company’s partnership with the government and local communities, which has enabled the Porgera gold mine to deliver substantial benefits to PNG for almost 30 years. During his four-day visit, Bristow met with Deputy Prime Minister Charles Abel and representatives of
THE PNG Chamber of Mines and Petroleum claims that the continued success of existing projects and the development of new ones is critical to the future of Papua New Guinea. And that any significant delay in the renewal and extension of mining licences for the country’s biggest producing mines would have a detrimental effect on the nation’s economy. Chamber president Gerea Aopi CBE commented following reports that projects such as
