HOME ABOUT US ADVERTISE SUBSCRIBE SITE MAP HELP CONTACT WORK FOR US   Wednesday 8 September 2010 Make PNG my HomePage    MINING STORIES [ 81 Results - Showing Results 1 to 30 ] Gold Aura rattles tin for $1.5M (Tuesday, 4 November 2008) GOLD Aura has less than $A30,000 on hand is shaking the tin for around $A1.5 million (K2.48 million). Full Story... More heartbreak at Kokoda for Frontier (Tuesday, 4 November 2008) PNG’s Deputy Chief Justice has killed off Frontier Resources’ application to start a judicial review of a government decision to not renew the company’s exploration licence 1348, which contains part of the Kokoda Track. Full Story... Arc in trading halt over funding (Friday, 31 October 2008) CASH-starved Arc Exploration is in a trading halt until Monday. Full Story... Expect surprises from China: economist (Thursday, 30 October 2008) THE global recession will be buffered by urbanisation and industrialisation in China, however further bad news can be expected in the near term, a senior economist has warned. Full Story... Newcrest: More PNG JVs possible (Thursday, 30 October 2008) AUSTRALIA’S largest gold producer, Newcrest Mining, is impressed with the potential of PNG and would consider further project and joint venture opportunities outside of its joint venture deal with South Africa’s Harmony Gold for the latter’s Morobe Province portfolio. Full Story... Brokers maintain faith for gold production leaders (Thursday, 30 October 2008) AUSTRALIA’S beaten down leading gold producers have not escaped the attention of analysts who see good value in Lihir Gold and Newcrest Mining. Full Story... Lihir releases drilling results (Thursday, 30 October 2008) UNLIKE other major gold producers, Lihir Gold has released a stack of September quarter drilling results on the Australian Securities Exchange for its flagship mine on PNG’s Lihir Island, Ballarat mine in Australia and new Ivory Coast, west Africa, operation. Full Story... Frontier: New offering while PNG court decision delayed to Friday (Thursday, 30 October 2008) FRONTIER Resources aims to raise up to $A1.7 million ($A2.76 million) in an entitlements issue to shareholders while the junior faces another delay in its court showdown with the PNG government to mine near the Kokoda Track. Full Story... Highlands on sound financial footing as PNG projects move forward (Thursday, 30 October 2008) BRISBANE-based Highlands Pacific remains in a strong financial position with $US25 million (K64.50 million, $A40.87 million) in cash reserves at the end of September, no debt and a further $US3 million due from global giant Barrick Gold. Full Story... Allied makes steady improvements with Simberi gold mine (Tuesday, 28 October 2008) JUNIOR producer Allied Gold has lifted quarterly production 25.31% from its gold oxide mine on Simberi Island, north of New Ireland and west of the Lihir Island group in PNG. Full Story... Gold Aura merger off the cards because of dismal market conditions (Tuesday, 28 October 2008) THE tough investment climate has scuttled a planned merger between Brisbane-based microcap Gold Aura and Premier Mining, the wholly owned subsidiary of Singapore investment company Premier Minerals. Full Story... NGG: Production hiccup at Sinivit (Tuesday, 28 October 2008) TORONTO-listed New Guinea Gold had a 38.42% dive in third quarter gold production from its 92%-owned Sinivit gold mine in East New Britain as a result of a breakdown in the crushing circuit. Full Story... Lihir Gold: PNG production in full swing while costs rise (Tuesday, 28 October 2008) DESPITE the challenges of rising costs, Lihir Gold delivered a 41% production increase over the September quarter for its group operations including a 27.51% increase from its namesake mine in PNG. Full Story... Allied Gold ramps up Simberi resources (Tuesday, 28 October 2008) JUNIOR gold producer Allied Gold boosted the resource estimate of its gold project on Simberi Island in PNG today, taking the total indicated, inferred and measured amount to three million ounces, with an extra 611,000oz from the key Sorowar deposit alone. Full Story... Marengo boosts JORC resources at Yandera (Friday, 24 October 2008) MARENGO Mining has upgraded its JORC-compliant resources for the Yandera copper-molybdenum project, 95 kilometres southwest of provincial capital Madang in PNG. Full Story... Base metal massacre (Thursday, 23 October 2008) BASE metals took a hammering overnight as the global economic slowdown reduces demand for commodities, while the Australian share market plunged 4% in morning trade with major resource stocks leading the downward charge. Full Story... China makes another move into PNG mining (Thursday, 23 October 2008) BUFFALO Gold has signed a memorandum of understanding with a large Chinese construction firm which will initially pour some $C13 million (K26.54 million, $A15.60 million) into the Canadian explorer as well as the Mt Kare gold project in Enga Province. Full Story... Newcrest: Morobe projects advance, group production costs up 96% (Thursday, 23 October 2008) NEWCREST Mining’s latest quarterly results have revealed construction is 65% complete at the Hidden Valley gold mine in Morobe Province and gold production has been boosted by 12%, but cash costs have come under increasing pressure. Full Story... ABG deal with Invincible receives post-Kabui criticism (Thursday, 23 October 2008) BOUGAINVILLE regional MP Fidelis Semoso has attacked an agreement signed in May between the Autonomous Bougainville Government and little-known Canadian mining company Invincible Resources, saying it was illegal and unconstitutional. Full Story... Illegal mining crackdown on Lihir Island (Tuesday, 21 October 2008) LIHIR Island, home to Lihir Gold’s namesake gold mine that is expected to produce 700,000-770,000 ounces of gold this year, is experiencing growing illegal mining activity according to local police who have recently made several arrests. Full Story... Coppermoly’s 3D generated anomalies show promise (Tuesday, 21 October 2008) AUSTRALIAN explorer Coppermoly is confident its Mt Nakru copper-gold and molybdenum prospects on PNG’s New Britain Island could have significant tonnage at depth following the results of a 3D ground geophysical induced polarisation survey. Full Story... Frontier returns to underexplored BHP haunt in PNG (Tuesday, 21 October 2008) FRONTIER Resources has completed a two-month exploration trench and channel sampling program worthy of follow-up drilling at the company’s lesser-known Esis porphyry copper deposit at Mt Likuruanga in the east of New Britain Island, PNG Full Story... NGG finds more shallow gold at Sinivit (Friday, 17 October 2008) NEW GUINEA Gold has completed another 35 reverse circulation drillholes at the Central and Southern oxide gold zones of its 92%-owned Sinivit gold mine in PNG, with a best intersection of 8m at 36.7 grams per tonne gold. Full Story... PanAust inks deal with Chinese smelter (Thursday, 16 October 2008) SOUTHEAST Asia-focused PanAust has signed a long-term sales agreement with the operator of China’s largest copper smelter, Tongling Nonferrous Metals, and has agreed on terms for the spot market sale of copper-gold concentrate from its Phu Kham operation in Laos. Full Story... Ok Tedi: Cashed-up and competitive enough for tougher times (Thursday, 16 October 2008) DESPITE copper trading down more than 20% from last month on the London Metal Exchange, Ok Tedi Mining (OTML) does not seem too fazed by the tricky economic climate. Full Story... Permit delays help give PNG another dodgy world ranking (Tuesday, 14 October 2008) BEHRE Dolbear, one of the world’s oldest mining industry consultancy firms, has ranked PNG in the bottom five of nations “where not to invest” – largely due to corruption-linked permit delays – while Australia is seen as the ideal nation for mining investment. Full Story... Mutual fund redemptions force major share sell-off (Tuesday, 14 October 2008) AS THE world financial crisis hit commodities and resource companies hard last week, the share prices of PNG-focused companies have also been slammed by mutual fund redemptions. Full Story... Frontier finishes initial exploration at new Jimi EL (Tuesday, 14 October 2008) FRONTIER Resources has completed an initial exploration program at the Mul Mul prospect of the company’s recently acquired Jimi exploration licence in PNG’s central highlands. Full Story... Drilling prepares Allied Gold for new estimates (Friday, 10 October 2008) JUNIOR gold producer Allied Gold expects to update the resource estimate this month for the Sorowar deposit following impressive results from the company’s latest drilling programs on Simberi Island in PNG. Full Story... Barrick Gold advances Tabar Islands exploration (Friday, 10 October 2008) THE WORLD’S largest gold miner Barrick Gold is gearing up for drilling in Australia-listed junior Allied Gold’s exploration tenement covering the Tabar Island Group, north of New Ireland in PNG. Full Story... 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