HOME ABOUT US ADVERTISE SUBSCRIBE SITE MAP HELP CONTACT WORK FOR US   Friday 10 September 2010 Make PNG my HomePage    MINING STORIES [ 1479 Results - Showing Results 1 to 30 ] PNG gold miner posts $10M profit (Friday, 3 September 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. Full Story... Hunt resigns from Lihir (Friday, 3 September 2010) LIHIR Gold managing director and chief executive officer Graeme Hunt has resigned, following a decision by the National Court of Papua New Guinea to approve the merger between Lihir and Newcrest Mining. Full Story... Two plaintiffs pull out of Ramu tailings injunction (Friday, 3 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... Forging ahead on New Britain copper (Friday, 3 September 2010) Impressive exploration acreage being developed in good company raises the bar in Papua New Guinea for Coppermoly. Full Story... Ramu tailings system subject of court hearing (Friday, 27 August 2010) A COURT date of September 21 has been set for Highlands Pacific and its Chinese partners regarding the injunction over the construction and operation of a deep sea tailings placement system at its $US1.4 billion ($A1.58 billion) Ramu nickel-cobalt project in Papua New Guinea. Full Story... 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. Full Story... Golden year for Newcrest (Friday, 20 August 2010) NEWCREST Mining has more than doubled its profit on the back of increased gold sales and higher prices for the precious metal. The company also expects a significant jump in production next year. Full Story... Ok Tedi’s future *Exclusive* (Friday, 20 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. Full Story... Ramu Nickel nears completion (Friday, 20 August 2010) THE Ramu Nickel plant in Papua New Guinea is now about 90% complete with Ramu NiCo vice-president Yang Yong saying that all work should be completed before the project is commissioned in October. Full Story... Soros maintains Marengo position (Friday, 13 August 2010) MARENGO Mining has closed a $C20.16 million ($A21.44 million) capital raising, issuing 24 million shares to underpin its cash base ahead of the expected completion of its feasibility study on the Yandera copper-molybdenum project in Papua New Guinea. Full Story... Come and talk deals: Barrick (Friday, 6 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. Full Story... Kingsgate on the hunt (Friday, 6 August 2010) KINGSGATE Consolidated is on the acquisition hunt and has plans to fill the void among Australia-listed gold plays left by Newcrest Mining’s takeover of Lihir Gold. Full Story... Strong quarter for Medusa (Friday, 30 July 2010) MEDUSA Mining has posted another solid quarter of gold production in the Philippines as it moves towards 100,000 ounces per annum in the 2011 financial year. Full Story... Copper comeback let down by sliding gold prices (Friday, 30 July 2010) COPPER prices are starting to surge again but this good news is offset by some hard selling in gold markets. Full Story... Oil disappointment at Panakawa (Friday, 30 July 2010) NEW Guinea Energy has failed to find oil shows at its Panakawa-1 exploration well in Papua New Guinea’s Western province. Full Story... Good timing for Lihir (Friday, 30 July 2010) NEWCREST Mining takeover target Lihir Gold has taken advantage of the record gold price with gold sales jumping 35% on the previous quarter. Full Story... Project progress for MIL (Friday, 30 July 2010) MIL Resources made more progress with the Amazon Bay Titanomagnetite Ironsands project, in southeast Papua New Guinea, as Australian engineering company Downer EDI completed a scoping study. Full Story... 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... Newcrest’s Lihir bid fair: expert (Friday, 23 July 2010) THE proposed $A9.5 billion tie-up between gold miners Newcrest Mining and Lihir Gold took a major step forward today after an independent expert declared the takeover bid fair and in the best interests of Lihir shareholders. Full Story... Quarter of records for Newcrest (Friday, 23 July 2010) IT was a quarter of records for Australia’s largest gold producer Newcrest Mining, culminating in production of 526,131 ounces of gold and 20,827 tonnes of copper at total cash costs of $A515 per ounce (after by-product credits). Full Story... Another setback for Ramu start (Friday, 23 July 2010) PARTNERS in the Ramu Nickel project in Papua New Guinea will have to wait to continue construction work on the project’s deepsea tailings facility, after the PNG Supreme Court refused to lift an interim injunction on the facility this week. Full Story... Output up, costs down for Allied (Friday, 16 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. Full Story... More hits for Coppermoly in PNG (Friday, 16 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. Full Story... NGG adds new director (Friday, 9 July 2010) CANADA’s New Guinea Gold has appointed Colin McKenzie as a director of the company. Full Story... Tampakan under threat as ban approved (Friday, 2 July 2010) THE future of the $US5 billion ($A5.9 billion) Tampakan copper-gold development remains in limbo after Australia-based stakeholder Indophil Resources advised that a ban on open pit mining on the Philippines island of Mindanao had been approved. Full Story... Indophil, Zijin call off deal (Friday, 25 June 2010) INDOPHIL Resources is reopening talks with interested parties over the sale of its stake in the $US5 billion ($A5.7 billion) Tampakan copper-gold project in the Philippines after announcing its $A545 million friendly takeover deal with Zijin Mining Group was now off the menu. Full Story... More copper at Mt Hagen (Friday, 18 June 2010) FURTHER copper mineralisation has been encountered at the Mt Hagen joint venture in Papua New Guinea, which Eldore Mining Corporation is in the early phases of earning a 60% interest in. Full Story... TSMarine wins Nautilus drilling contract (Friday, 18 June 2010) TSMARINE has been awarded a $US7 million ($A8.14 million) contract from undersea mining explorer Nautilus Minerals for the provision of drilling services in the Bismarck Sea, Papua New Guinea. Full Story... New gold discovery on the cards (Friday, 18 June 2010) GOLD Anomaly (previously Gold Aura) has started channel sampling an outcrop at its promising Crater Mountain project, 50 kilometres southwest of Goroko in the PNG Highlands. Full Story... Proposed ban threatens Tampakan development (Friday, 18 June 2010) AN outgoing provincial governor is threatening to ban open pit mining on the Philippines island of Mindanao, potentially derailing one of Southeast Asia’s largest undeveloped copper and gold developments. Full Story... Prev    Next   Company Search Story Search Advanced Search UPCOMING EVENTS Excellence in Mining & Exploration 2010 Mining Magazine Congress 2010 Asia Mining Congress 2011   View all events LATEST NEWS Oil, metals up Forging ahead on New Britain copper Two plaintiffs pull out of Ramu tailings injunction BAM Clough lands $A287M PNG LNG job PNG gold miner posts $10M profit Horizon brightening Hunt resigns from Lihir InterOil moves to settle lawsuit Aspermont turnaround Oil rallies, metals mixed Disclaimer | © Copyright Aspermont Ltd | Privacy Policy | Terms and Conditions