The Wafi-Golpu mine in Papua New Guinea is considered one of the world's largest untapped gold resources.
NEW ZEALAND Mining News
The company has grown the indicated resource for its Martha project by 136% and inferred resources by 97%.
WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein.
WKP’s East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver.
OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.
"ANZ has suspended its physical precious metals custody service as it does not align to our business strategy at this time"
The Blackwater mine was once the most prolific mine in the Reefton Goldfield, producing 700,000 ounces of gold between 1908 and 1951.
The Martha pit was shut down in 2015 when a major slip and a rockfall affected the area.
It is now our intention to get this job done, and find out why 29 men went to work on 19 November 2010, and never came home.
The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island.
Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.
"Coal plays an important part in New Zealand’s export reliant economy,” Straterra CEO Chris Baker said today.
Full Metal Minerals wants to buy the Puhipuhi Gold Project.
Mining at the site stopped in April 2015 when a major slip and a rockfall affected the area.
Rio Tinto has hired UBS AG to explore a possible initial public offering on the Australian Securities Exchange after planned trade sales came up short.
The New Zealand-listed company acquired 100 per cent of Newcrest NZ Exploration, a Newcrest Mining subsidiary
The Green Party wants to create New Zealand’s largest marine mammal sanctuary in order to stop extractive activities in the South Taranaki Bight
Trans-Tasman is now allowed to recover resources from the country’s Exclusive Economic Zone
They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.
Canada’s Nautilus Minerals is getting closer to kicking off operations at its Solwara 1 gold, copper and silver project off the coast of Papua Guinea.
This as the creature lays its eggs on the dead stalks of sponges, attached to rocky crusts, which are rich in metals like manganese.
Scientist from Victoria University of Wellington says too little is known about the seafloor communities found in in New Zealand's Exclusive Economic Zone.
Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.
Inferred mineral resources for Nautilus' CCZ project went up to 685 million tonnes from 410 million tonnes.
The three SPTs are scheduled to undergo extensive wet testing at Duqm Port.