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Mining effectively commenced in Papua New Guinea in 1888 with the discovery of payable gold in Sudest Island (near Misima Island).Morobe Goldfield was discovered in 1922, which continued to operate till the Second World War. It was a world class goldfield by the standards of the time, reaching a peak production of 8.5 tonnes/year of gold in 1942.
Mining in Papua New Guinea - Wikipedia
Up until 1970, there was little mineral extraction in Papua New Guinea. Since the 1970s mineral extraction has dominated the national economy. With the exception of the Ok Tedy 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) mines.
Porgera Gold Mine - Wikipedia
The Porgera Gold Mine is a large gold and silver mining operation in Enga province, Papua New Guinea (PNG), located at the head of the Porgera Valley. The mine is situated in the rain forest covered highlands at an altitude of 2,200 to 2,700 m, in a region of high rainfall, landslides, and frequent earthquakes.. The Porgera Gold Mine is operated by the Porgera Joint Venture (PJV).
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The pacific island of Papua New Guinea is one of the worlds most resource rich countries, hosting nearly 7 percent of global biodiversity and important reserves of gold, copper and hydrocarbons.
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Rock chip sampling has yielded gold grades up to 22g/t and Sb grades up to 20%. The project is drill ready, with landholder CCA and access track in place. A high level concept study has identified an initial open cut target of 750,000t on the priority gold prospect and a 2nd priority target of 600,000t on the gold antimony prospect.
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PNGs Tolukuma Mine assets put on sale - Pacific Mining Watch
Papua New Guinea TOLUKUMA Gold Mine’s (TGML) liquidator Pini Accountants and Advisors has offered for sale by public tender the mining lease 104 and other mine assets as a package. The liquidator in a public notice, stated that the sale was on a strictly “as is where is basis”.
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Mining - Industries - PwC Papua New Guinea
Since 1970, the mining industry has dominated PNG’s economy. Mineral exports are gold, copper, silver, nickel and cobalt. 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.
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New Guinea Gold Corporation
New Guinea Gold (NGG) is a premier junior explorer and miner, with an exploration lease surrounding its Sinivit Gold Mine in East New Britain Province, PNG. Having commenced mining in 2007, NGG is actively seeking to expand production through extension of known mineralisation and further discovery.
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List of Mines in PNG - PNG Facts - PNG Facts - PNG News
Mining Companies in PNG PNG has a portfolio of mining projects spread across the country. The large projects dominate: Barrick Gold’s Porgera gold mine, Ok Tedi copper mine, Newcrest’s Lihir gold mine, and most recently, Newcrest-Harmony’s Hidden Valley gold mine and MCC’s Ramu nickel-cobalt project.
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Jul 03, 2019 · Government nets next to nothing from Tolukuma mine sale Tolukuma mine purchased by Asian finance company with no mining experience More farce over government’s botched sale of Tolukuma mine Tolukuma future looks bleak, despite MRA spin The Tolukuma Gold Mine in Central Province is now on sale ...