Ok Tedi life extension approved
The OK Tedi Mining Limited (OTML) in Papua New Guinea has had its mine life extension approved from 2023 to 2050, with an expected dividends payments in excess of K30 billion (US$8.2 billion), says chief executive
Mining
PNG resource boom to last 30 years: Trade Minister Maru
Papua New Guinea is expecting a resource boom from next year because of at least five multi-billion kina projects in the pipeline, says International Trade and Investment Minister Richard Maru. “We don’t have just
Nautilus to return to PNG
Papua New Guinea Mining Minister Sir Ano Pala told Parliament Nautilus was coming back to Papua New Guinea but under a different entity to operate as they had three exploration licenses still valid. Sir Ano said the
International talks end without go-ahead for deep-sea mining
An international meeting in Jamaica to negotiate rules over deep-sea mining has ended with no green light to start industrial-scale mining and with an 11th-hour agreement to hold formal discussions next year on the
Nations aim to ink deep sea mining rules by 2025
The International Seabed Authority’s member nations on Friday agreed on a two-year roadmap for the adoption of deep sea mining regulations, despite conservationists’ calls for a moratorium on mineral
Porgera gold mine reopening date set
Barrick Gold Corporation and the Papua New Guinea Government expect the Porgera gold mine to reopen in September, according to Barrick chief executive officer Mark Bristow. Bristow met with Prime Minister James Marape
Opinion: High seas treaty too late to stop seabed mining
When the International Seabed Authority begins accepting applications for deep-sea mining operations in the coming weeks, there will remain a lingering question. How much control will authorities have over operations to
Deep-sea mining poses potential threat to tuna fishing in Eastern Pacific Ocean
Research published in the science journal Nature Ocean Sustainability has found deep-sea mining is likely to pose a threat to bigeye, skipjack, and yellowfin tuna populations in the Eastern Pacific Ocean. Climate change
Opinion: You can’t mine the seabed without proper rules
Mining the seabed without proper regulations seems outlandish. But it could happen sooner than we think. 10 July, 2023 is shaping as D-Day for the world’s oceans. That is the day after a two-year deadline placed on
Pentagon ordered to probe undersea mining to counter China
The Metals Company, a mineral explorer of the Pacific Ocean floor, is welcoming United States Congressional efforts to elevate contentious undersea mining to help achieve battery metal independence from
Opinion: Australia should support minimum terms and conditions for Pacific seabed mining
The extraction of deep seabed mining resources on an industrial scale at incredible depths is a new frontier with many unknowns. But the potential gains are immense. Deep sea deposits contain manganese, cobalt, nickel,
Disclose gold deal, court orders PNG government
Papua New Guinea deputy Chief Justice Ambeng Kandakasi has ordered the Government to disclose all relevant information regarding the national gold refinery deal it struck with Singapore’s National Gold Corporation.
Recycle metals instead of seabed mining, says PNG anti-mining activist
An anti-mining group in Papua New Guinea is calling on its government to explore opportunities in precious metals recycling instead of courting armageddon by allowing seabed mining to happen. “We are calling for a
Refine gold here: PNG PM Marape
All gold produced in the country must be sold to the Bank of Papua New Guinea to be refined into bullion, says Prime Minister James Marape. The National reports that he made this comment during the launching of the PNG
Deep-seabed mining is creating a noisy problem for Australia — and it’s only getting louder
Given the exponential threats it poses to the marine environment, deep seabed mining is destined to become a contentious global environmental issue. The risks are significant enough to make a mockery of any
Six killed in Porgera
Porgera in Enga is in disarray following the killing of six people on Wednesday night, forcing the closure of schools and businesses as the “guerilla warfare” continues. Porgera gold mine Lease for Mining Purpose
Rio Tinto facing suit from Panguna landowners
The sheer environmental degradation and considerable loss of life that followed Rio Tinto’s running of Bougainville’s Panguna gold and copper mine must rank it as one of the world’s greatest mining debacles. Seven
Considering the possible impacts of deep sea mining in the Cook Islands
In the recent Parliament opening, King’s Representative Sir Tom Masters spoke of the Cook Islands’ desire to develop a sustainable and environmentally responsible seabed minerals sector. This week, also in
Barrick finalises deal to restart PNG gold mine
Barrick Gold Corp is set to restart operations at one of its biggest gold mines after inking a deal with Papua New Guinea’s government over its shuttered mine in the southwest Pacific island nation. The world’s
Deep-sea mining meeting closes without consensus
As meetings to oversee deep-sea mining on the high seas draw to a close, it remains unclear whether regulators will allow it to commence in the near future. At the 07-31 March meetings in Kingston, Jamaica, of the
PNG Government to pursue Solwara 1 talks
Papua New Guinea Mining Minister Sir Ano Pala says the Government expects to pursue discussions with a deep sea mining company to revisit the potential for extracting minerals in the Bismark Sea off the west coast of
Leader of International Seabed Mining Agency admonished by diplomats
Michael Lodge, the head of the United Nations-affiliated agency with jurisdiction over international ocean waters, has pushed diplomats to accelerate the start of industrial-scale mining at the bottom of the Pacific
High Seas Treaty exempts deep-sea mining from stricter rules
Deep-sea mining will be exempted from environmental impact assessment (EIA) measures established under a landmark international oceans treaty, a move campaigners fear could undermine protection for the seabed. The High
