Papua New Guinea Mining News

British scientists find sub-sea minerals treasure trove

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.

INTERACTIVE MAP: World's top 10 gold deposits

Together these giant orebodies contain reserves worth $796 billion at today's gold price.

World’s first seabed gold, copper, silver mine to begin production in 2019

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.

Newcrest doubles first-half profit, to pay divvy

The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.

Newcrest Mining gold output falls, but copper rises

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.

Strike ends at Harmony Gold’s Kusasalethu mine

Company to launch probe into the causes of the illegal sit-in of nearly 48 hours.

Newly found ‘ghost octopods’ at risk from deep-sea mining

This as the creature lays its eggs on the dead stalks of sponges, attached to rocky crusts, which are rich in metals like manganese.

New Zealand deep-sea life needs 'better protection' from mining, study shows

Scientist from Victoria University of Wellington says too little is known about the seafloor communities found in in New Zealand's Exclusive Economic Zone.

Harmony logs record quarterly revenue, halves debt

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.

The world's hardest working gold mines

Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.

Harmony Gold bullish on cash flows as it reports increased output in Q3

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.

US miner goes after rare earths in the Cook Islands

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 buys out Newcrest stake in Hidden Valley gold mine

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.

Ownership of Panguna copper-gold mine triggers fresh dispute

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.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Rio Tinto sells its Blair Athol coal mine for less than a bus ticket

The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.

Rio Tinto exits PNG, gives away copper-gold mine with $51bn in reserves

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.

Nautilus underwater project in Eastern Pacific richer than thought

Inferred mineral resources for Nautilus' CCZ project went up to 685 million tonnes from 410 million tonnes.

China’s Zijin Mining profit in 2015 hit by gold, base metal prices slump

Net profit for 2015 dropped by almost 30% to $261 million (1.7 billion yuan) from the previous year's $353 million.

Nautilus Seafloor Production Tools arrive in Oman

The three SPTs are scheduled to undergo extensive wet testing at Duqm Port.

European consortium launches Blue Nodules project

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 takes delivery of Seafloor Production Tools

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.

Nautilus to test seafloor mining production equipment

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.

World's first seafloor miner inks copper sales deal with Chinese customer

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.

Hillary Clinton’s emails reveal pro deep sea miner move after request from son-in-law

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.