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Wednesday
8 September 2010

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PNG STORIES

[ 469 Results - Showing Results 1 to 30 ]

Two plaintiffs pull out of Ramu tailings injunction
(Thursday, 2 September 2010)

TWO of the five plaintiffs involved in an injunction to stop the construction and operation of a deepsea tailings placement system at the $US1.4 billion ($A1.5 billion) Ramu nickel development in Papua New Guinea, have pulled out of the court action.
Full Story...

PNG gold miner posts $10M profit
(Monday, 30 August 2010)

PAPUA New Guinea gold producer Allied Gold has turned around a loss-making performance last year to post a net profit of $A10.2 million for 2009-2010 from revenues of $67.5 million.
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Ok Tedi’s future
Exclusively for Premium Subscribers
(Friday, 27 August 2010)

PNG’S giant Ok Tedi copper-gold mine was scheduled to close in 2013 but further open cut mining and the introduction of underground mining looks set to give the operation another seven years. Ok Tedi Mining’s Ian Sheppard reveals the next steps ahead.
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Lihir posts improved profits
(Friday, 27 August 2010)

PAPUA New Guinea gold miner Lihir Gold has posted profits after tax for the half year of $US142.5 million ($A160 million), up 17% from the $121.5 million recorded in the December half.
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Mining Briefs: Integra, Bendigo, Hillgrove and more
(Wednesday, 25 August 2010)

EXPLORATION success for Integra Mining, Bendigo Mining and Hillgrove Resources, a new joint venture for Fox Resources, a reserve update for Norseman Gold and a court update for Highlands Pacific are the main leads in Mining Briefs today.
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Newcrest, Lihir tie-up gets the nod
(Monday, 23 August 2010)

SHAREHOLDERS in takeover target Lihir Gold have overwhelmingly backed the gold miner’s $A9.5 billion merger with Newcrest Mining.
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Come and talk deals: Barrick
(Monday, 2 August 2010)

BARRICK Gold has reiterated its message to Australia’s junior mining sector that the company is “open for business”, with Barrick Asia-Pacific president Gary Halverson again inviting delegates to this week’s Diggers & Dealers conference to talk to the company about projects.
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Newcrest, Harmony unearth new copper-gold zone in PNG
(Friday, 30 July 2010)

EXPLORATION at Newcrest Mining and Harmony Gold’s Wafi-Golpu copper-gold project in Papua New Guinea has uncovered more than 16 million ounces of gold and 4.8 million tonnes of copper.
Full Story...

Output up, costs down for Allied
(Tuesday, 13 July 2010)

ALLIED Gold has reported a 23% jump in gold production and a 10% fall in cash costs from its Simberi mine in Papua New Guinea during the June quarter.
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More hits for Coppermoly in PNG
(Monday, 12 July 2010)

DIAMOND drilling at Coppermoly’s Nakru 1 prospect on New Britain Island in Papua New Guinea has demonstrated significant grades and thicknesses of copper and gold.
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Allied takes loan for Gold Ridge
(Friday, 25 June 2010)

ALLIED Gold has signed on for a $US35 million ($A40.3 million) loan facility with the World Bank Group’s International Finance Corporation, with the loan planned to underpin the $A150 million redevelopment of the company’s Gold Ridge mine in the Solomon Islands.
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Capital dictates staged development approach
Exclusively for Premium Subscribers
(Tuesday, 8 June 2010)

A STAGED approach to development of Nautilus Minerals’ undersea Solwara 1 copper-gold project, in the Bismarck Sea off the coast of Papua New Guinea, will not only prove the concept a reality, but unlock value for a longer-term beneficiation operation.
Full Story...

Frontier teams up with Ok Tedi
(Wednesday, 26 May 2010)

JUNIOR explorer Frontier Resources has inked two farm-in joint ventures with copper-gold miner Ok Tedi Mining in Papua New Guinea, in a deal worth up to $US60 million ($A72.9 million) over six years.
Full Story...

Patience, prudence now paying off in PNG
(Wednesday, 19 May 2010)

A YEAR ago, at the peak of the world’s economic crisis, Perth-based junior explorer Frontier Resources was doing everything in its power to ensure its survival. By Imelda Cotton - RESOURCESTOCKS*
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Stoppages affect Simberi output
(Monday, 3 May 2010)

PRODUCTION at Allied Gold’s Simberi Island dropped 16% in the March quarter as mechanical issues and discussions with local landowners affected output.
Full Story...

Lihir increases production guidance
(Friday, 23 April 2010)

A STEADY first quarter of production has allowed Lihir Gold to raise its 2010 production guidance to 1-1.1 million ounces of gold.
Full Story...

Mining Briefs: Poseidon, Auzex, South Boulder and more
(Thursday, 22 April 2010)

UNDERGROUND operations have recommenced at Poseidon Nickel’s Mt Windarra nickel project in Western Australia.
Full Story...

High grades continue for Allied
(Thursday, 22 April 2010)

ALLIED Gold continues to target the end of June for a re-estimation of the resources and reserves on its Pigiput and Pigibo deposits on Simberi Island in Papua New Guinea after posting additional high grade assays from diamond drilling.
Full Story...

Newcrest still on gold target
(Thursday, 22 April 2010)

IT’S still possible for Newcrest Mining to meet its gold production targets for the financial year, but commissioning problems at the Hidden Valley mine in Papua New Guinea means production will be at the lower end of the company’s guidance.
Full Story...

Injunction threat continues for Ramu partners
(Wednesday, 21 April 2010)

PARTNERS in the Ramu nickel-cobalt development in Papua New Guinea remain confident an interim injunction to delay construction of a deepsea tailings displacement facility will be lifted before impacting the production timeline.
Full Story...

Gold Anomaly obtains funding facility
(Friday, 9 April 2010)

AUSSIE gold junior Gold Anomaly (previously Gold Aura) has made a deal for the provision of up to $A6.7 million in funding from New York-based investment fund SpringTree Special Opportunities.
Full Story...

Lihir rejects Newcrest bid
(Thursday, 1 April 2010)

IT is not every day that you start a new job defending a takeover offer, but that is how the new chief executive of Lihir Gold faced his first day in the chair, rejecting an offer from Newcrest Mining which valued the gold miner at $A9.2 billion.
Full Story...

Highlands increases interest in Frieda
(Tuesday, 23 March 2010)

HIGHLANDS Pacific has increased its stake in the Frieda copper-gold project in Papua New Guinea following the withdrawal of its junior Japanese partners to focus on other priorities.
Full Story...

Court temporarily stops Ramu undersea tailings plan
(Monday, 22 March 2010)

PARTICIPANTS in the Ramu nickel-cobalt development in Papua New Guinea are confident common sense will prevail and an interim court injunction preventing the undersea storage of tailings will be lifted within the next month or so.
Full Story...

Mining Briefs: Frontier, Mundo, Tanami and more
(Wednesday, 17 March 2010)

FRONTIER Resources has enhanced the overall prospectivity of its Bulago exploration licence in Papua New Guinea with high-grade gold outcrop channel sample assays returned from a number of prospects.
Full Story...

Chinese worker killed at Ramu
(Monday, 15 March 2010)

A CHINESE worker was killed on Thursday at the massive $US1.4 billion ($A1.52 billion) Ramu nickel-cobalt mine in Papua New Guinea, a joint venture between Australian Securities Exchange-listed Highlands Pacific and China’s Ramu NiCo Management (MCC).
Full Story...

Removal of hedge unlocks big price gains for Allied
(Tuesday, 2 March 2010)

PAPUA New Guinea gold producer Allied Gold has extinguished the last 30,000 ounces of its gold hedging program, giving it full price participation in the 80,000oz it expects to produce this calendar year from the Simberi operation.
Full Story...

Growth on the cards for Lihir
(Tuesday, 2 March 2010)

LIHIR Gold has unveiled growth plans for the next decade with the miner aiming to produce 1.5 million ounces of gold per annum by 2017.
Full Story...

Barrick looks to spin out African arm
(Friday, 19 February 2010)

SPINNING out its African operations into a separate IPO to be listed on the London Stock Exchange will deliver investment and financial incentives for Barrick Gold Corporation as it grows its project pipeline.
Full Story...

Barrick tracks ahead in PNG
(Friday, 12 February 2010)

COPPERMOLY partner Barrick Gold has kicked off inspections at two Papua New Guinea tenements which it may farm-in to, completing risk assessments for camp reconstruction and exploration activities.
Full Story...

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