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.
Papua New Guinea Mining News
Together these giant orebodies contain reserves worth $796 billion at today's gold price.
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.
The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.
Newcrest's gold production dropped to 614,715 ounces in the quarter ended in December, from 615,498 ounces in the three months immediately prior and 620,691 ounces a year ago.
Company to launch probe into the causes of the illegal sit-in of nearly 48 hours.
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.
The world's fifth largest gold miner increased production, had stronger cash flows and paid shareholders a dividend in the first quarter of its 2017 financial year.
Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.
After losing money for three years to 2015, Harmony is now focused on finding mines able to offset falling production at its South African operations.
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.
Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.
Conflict comes as Rio Tinto donated its majority stake in the operation to both Papua New Guinea and the Autonomous Region of Bougainville last month.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.
Decision follows a company review of the asset that was triggered by the Bouganville government’s pressure to restart mining at Panguna or give it up.
Inferred mineral resources for Nautilus' CCZ project went up to 685 million tonnes from 410 million tonnes.
Net profit for 2015 dropped by almost 30% to $261 million (1.7 billion yuan) from the previous year's $353 million.
The three SPTs are scheduled to undergo extensive wet testing at Duqm Port.
On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. […]
Nautilus Minerals Inc. announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools (“SPTs”) from Soil Machine Dynamics Limited’s facility in Newcastle upon Tyne.
The Canadian deep sea miner has signed agreements with United Engineering Services LLC to provide support services associated with wet testing the company’s production and storing equipments.
The new agreement replaces a previous three-year contract that would have seen Nautilus supplying 1.1 million tonnes of unrefined copper ore to Tongling Nonferrous Metals Group.
The 2012 emails from an investor in Florida-based deep sea mining firm Neptune Minerals Inc. were forwarded to Clinton by her son-in-law and hedge fund partner Marc Mezvinsky.