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From the blue growth to the degrowth of deep sea mining in Papua New Guinea Deep sea mining has emerged as a key example of the ways in which marine and coastal resources are being articulated into a discourse of blue growth Barbesgaard 2024 This is nowhere better exemplified than by the approach taken by the Papua New Guinean government
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The land must be freely available and not taken up by any other Exploration or Mining License for the purpose of exploration or mining To see available lands in Papua New Guinea visit the PNG Mining Tenement Portal here For the purposes of the Mining Act 1992 the surface of the Earth is deemed to be divided into
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Papua New Guinea has a range of resources including gold silver copper nickel and cobalt and the country s mining industry is vitally important to its economy contributing 15% to total gross domestic product GDP in 2024 Papua New Guinea had the world s 12th largest gold metal reserves at 1 200 tonnes t or % of the global total at the end of 2024 with reserves in the New
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In this episode we chat with a returning guest who appeared in Feb 2024 Episode 117 and Nov 2024 Episode 192 Matt Salthouse is Chief Executive Officer at Kainantu Resources which is an Asia Pacific focused gold mining company with some highly prospective gold projects in the high grade Kanantu gold district of Papua New Guinea PNG
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Up until 1970 there was little mineral extraction in Papua New Guinea but since the 1970s mineral extraction has dominated the national economy With the exception of the Ok Tedi Mine copper gold almost all of the mining in PNG has been gold mining The two largest gold mines are the Porgera Enga Province and Lihir New Ireland Province
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According to the 2024 Papua New Guinea Extractive Industry Transparency Initiative report the industry paid a total of billion in direct and indirect taxes The mining and petroleum industry directly employs over 20 000 people with significantly more working in other sectors dependent on the industry including landowner businesses
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The mine is located on Mt Fubilan in the headwaters of the Ok Tedi River as a joint ownership between Broken Hill Proprietary Company BHP 52% the Papua New Guinea state 30% and Canadian miner Inmet 18% 1 Having originally opened for gold extraction in 1984 the operation diversified into copper production 3 years later
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A new report titled Red Water documents the social environmental economic and health impacts of gold mining in Porgera Papua New Guinea The report finds that the communities affected by mining do not have access to consistent and safe drinking water
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The pacific island of Papua New Guinea is one of the world s most resource rich countries hosting nearly 7 percent of global biodiversity and important reserves of gold copper and hydrocarbons However despite a burgeoning resource economy the country struggles to translate resource rents into development
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RTG Mining ASX RTG TSX RTG has announced its intention to acquire a majority stake in the Mt Kare gold project in the Enga province of Papua New Guinea To carry out the plan the Australian
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A basic mining map of Papua New Guinea is shown in Figure 1 At the Panguna and Ok Tedi copper gold silver mines mine tailings were directly discharged LQWR DQ DGMDFHQW ULYHU VVWHP ZKLOH ZDVWH URFN was either directly dumped to the river or placed on easily erodible dumps
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Papua New Guinea s mining sector is one of the nation s strongest industries Mining accounted for more than 7% of GDP in 2024 and the sector was responsible for 35% of the country s export revenues Principal mineral exports were gold 24% of export value copper 6 per cent nickel 3 per cent and cobalt per cent The largest
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Find detailed information on Metal Ore Mining companies in Papua New Guinea including financial statements sales and marketing contacts top competitors and firmographic insights Dun Bradstreet gathers Metal Ore Mining business information from trusted sources to help you understand company performance growth potential and competitive pressures View 17 Metal Ore Mining company
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Today s 236 jobs in Papua New Guinea Leverage your professional network and get hired New Papua New Guinea jobs added daily
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It raises Papua New Guinea s ownership stake — which includes various stakeholders including the national and provincial governments as well as some landowners and others — to 51 per cent while Barrick and its joint venture partner China s Zijin Mining Group Co Ltd will see their respective stakes in the Porgera mine decline to 24
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A new report titled Red Water documents the social environmental economic and health impacts of gold mining in Porgera Papua New Guinea The report finds that the communities affected by
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Africa South Africa Egypt Morocco Asia Japan India Russia Australia Oceania Australia New Zealand Papua New Guinea Caribbean Puerto Rico Dominican
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The Anglo Australian mining giant Rio Tinto is fending off allegations that an abandoned gold and copper mine in Papua New Guinea vacated two decades ago is leaking poisonous waste into the
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Papua New Guinea s sprawling Porgera gold mine has produced more than 16 million ounces of gold since opening in 1990 an amount that would be worth more than US$20 billion at today s prices
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The Mining Act of 1992 has served as a sturdy legal guide for the industry in Papua New Guinea albeit with a small number of gaps that policymakers are eager to close With the ultimate goal of maintaining a legal structure that is attractive for investors while also providing adequate financial incentives for the state and protecting the benefits of landowners a number of conflicts of
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Nov 1 2020Mining is often portrayed as a contributor to sustainable development especially so in developing countries such as Papua New Guinea PNG Since 1970 several large mines have been developed in PNG Panguna Ok Tedi Porgera Lihir Ramu but always with controversial environmental standards and social impacts often overlooked or ignored
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Mining in Papua New Guinea A complex story of trends impacts and governance Maining long Papua Niugini Plenti stori impacts na gavanens This synopsis was prepared as part of a series research translations relating to mining in PNG and the proposed Wafi Golpu mine in the Morobe Province of Papua New Guinea Because the article contains a lot of data which cannot be summarised this summary
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PNG mines are spread across the country the largest of which include Ok Tedi Copper and Gold Mine Porgera Gold Mine Lihir Gold Mine Hidden Valley Gold Mine Simberi Gold Mine Tolukuma Gold Mine and Ramu Nickel Mine The mining sector is facing a range of competing trends and a rapidly changing global business environment
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Papua New Guinea is known for its extensive network of large gold mines which represent a significant portion of the country s economy A Barkers mining client like many other companies in Papua New Guinea faced constant threat from criminals looking to profit from illegal mining
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The Lihir Project is located on Lihir Island in PNG It is currently a producing operation and produced 932 784 ounces of gold in 2024 The Lihir mine s total revenue was $ billion The
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Mining in Papua New Guinea This section presents an overview of the early wave of the mining industry the current mining operation and its importance to the PNG economy Papua New Guinea is endowed with natural resources including major gold and copper deposits large oil and natural gas reserves vast expanses of agricultural land and extensive forests and maritime fisheries
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In this episode we chat with a returning guest who appeared in Episode 117 in February 2024 Matt Salthouse is the Chief Executive Officer at Kainantu Resources An Asia Pacific focused gold mining company with two highly prospective gold projects in a premier mining region the high grade Kainantu gold district of Papua New Guinea PNG Matt gives us an update on what s been happening in
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Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China is seen in the waters of the adjacent Basamuk Bay according to Reuters sources in Basamuk Mandang
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In 2024 MAKATA discovered that a Singaporean company Niugini Sands Limited applied to Papua New Guinea s Mineral Resources Authority MRA for a license allowing it to pursue sand mining in the Sumgilbar Local Level Government LLG area where MAKATA s Sea Turtles Restoration Project sites are located The proposed mining area from Murunas to Malas covered a length of 51km and would
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Frieda River Project is located in the provinces of Sandaun and East Sepik in Papua New Guinea It is one of the biggest copper and gold deposits found in the Asia Pacific region The mine is jointly owned by PanAust 80% and United Gold Mining LLC 20% PanAust acquired the majority stake earlier held by Glencore in August 2024 becoming
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