Papua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals. He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership. “We encourage other…
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Newmont select Wood for Lihir contract
Wood said it has been selected by Newmont to serve as a consultant and engineer for the miner’s Lihir gold mine in Papua New Guinea. The $18 million deal includes engineering and support services as well as enhancing safety and efficiency in processing across varied stages of Lihir’s project lifecycle. It also will back Newmont’s capital works program, which includes…
Read MoreBarrick, Zijin contribute $1M after PNG landslide
Barrick and its joint venture partner Zijin Mining, both of which own the Porgera gold mine in Papua New Guinea (PNG), have made a financial contribution to support the communities of the region following a landslide in the mine’s neighboring community of Mulitaka. The contribution of US$1 million, or Kina 3.8 million, is not the only help the miners have…
Read MoreBarrick’s Porgera operating despite landslide
Barrick has reportedly confirmed that its Porgera gold operation in Papua New Guinea is running without restriction after a significant landslide hit the Enga province. A Reuters report said Barrick is reporting a 40-day fuel supply for the operation. The company has also offered its support to the survivors of the mountainside collapse, which happened 30 kilometres (18.64 miles) away.…
Read MoreK92 resuming operations after government green-light
K92 Mining has confirmed it is restarting underground operations at its core area in Papua New Guinea after a Mineral Resources Authority audit found that its underground safety management plan was “good”. The Canadian-based company said the letter from the MRA for PNG vacates Form 29, which the agency issued to the miner on 13 March. Just days before that,…
Read MoreKainantu underground operations suspended
K92 Mining said it has temporarily suspended underground operations at its Kainantu gold mine in the Eastern Highlands province of Papua New Guinea after a suspicious non-industrial incident on 10 March resulted in a death. Processing operations, which were suspended following the incident, have resumed. The miner said it is working with the relevant government authorities under the Criminal Code…
Read MoreLicence extension paves way for Panguna redevelopment
Bougainville Copper has confirmed that the Bougainville government awarded a five-year extension of the company’s exploration licence for the Panguna copper project in Central Bougainville, an autonomous region of Papua New Guinea. The extension clears the way for the miner to increase its activities in the Panguna project area in accordance with the Bougainville Mining Act of 2015. “Panguna promises…
Read MoreK92 taps Medilek for COO, president seat
Canadian-based, Papua New Guinea-focused K92 Mining has appointed David Medilek as its president and chief operating officer. Medilek joined K92 in 2019 and was most recently president. Prior to that he was the company’s vice president of business development and investor relations. His career has also included positions with Macquarie Group, Cormark Securities and Barrick Gold. K92 has also selected…
Read MoreBarrick starts Porgera recommissioning
Barrick Gold said it has begun recommissioning the Porgera gold mine in Papua New Guinea following the formal completion of a commencement agreement. Porgera, an open pit and underground gold mine, has been in care and maintenance since April 2020. Barrick said it anticipates mining and processing to restart in the first quarter of 2024. The equity in the mine…
Read MoreBarrick restarts production at Porgera
Following an agreement on new ownership structure, Barrick Gold announced that its Porgera mine in Papua New Guinea will resume operations this month with first gold to be poured in Q1 2024. “It’s been a long journey but in the process we have secured the buy-in of all the stakeholders and we look forward to steering the mine back to…
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