Test Heading
and a description here

Porgera Data

Porgera Information

  • Optional Agreement 2015-05-29
    Barrick, the world's largest gold producer, indicated it would sell 50% stake in its unit that manages the Porgera gold mine in Papua New Guinea to Zijin for $298-million in cash. The unit, Barrick Niugini, owns 95% in the Porgera mine and the Papua New Guinea government owns the rest.
  • General 2015-05-10
    The Porgera gold mine is a joint venture operation located at an altitude of 2,200-2,700 metres in the Enga Province in the highlands of Papua New Guinea (PNG). The mine is located about 130 kilometres west of the established town of Mount Hagen, 600 kilometres northwest of Port Moresby, and about 680 kilometres by road from the coastal port of Lae from which all materials are freighted. The Porgera JV operation is 95% owned (remainder is owned by PNG government) and operated by a Barrick subsidiary. Both open-pit and underground mining methods are employed.

Nearby Locations

Nearby Location News

  • Positive PEA for Kora gold deposit 2016-10-18

    A Preliminary Economic Assessment (PEA) on the Kora gold deposit at K92 Mining’s Kainantu Gold Project in Papua New Guinea has delivered positive results. Kora and the Irumafimpa deposit, where operations recently recommenced, comprise the Kainantu project.

  • K92 Mining Announces Results of Preliminary Economic Assessment (PEA) on Its Kora Deposit 2016-10-13

    PEA estimates;

    - positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million

    - 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq

    - Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq(i)) over the 9 years

    - Initial Capital Cost of US$13.84 Million

  • K92 Mining Commences Gold Production at Kainantu Gold Mine 2016-10-05

    - K92 Process Mill has Successfully Treated the First Batch of Underground Ore Delivered from Irumafimpa, With Concentrate Now Produced

    - Concentrate Shipment Deliveries Anticipated to Start Nov 2016

    - Gold Production at Irumafimpa Will Ramp Up to Steady State Operations, Reaching an Annualised Production Rate of 52,000 Au Per Annum, Over Coming Months

  • Production under way at Kainantu project 2016-10-05

    Gold production has commenced from the Irumafimpa deposit of K92 Mining’s Kainantu Gold project in Papua New Guinea. The rehabilitated mine, process plant and associated infrastructure has successfully treated the first batch of underground ore.

  • Harmony buys Hidden Valley from Newcrest 2016-09-19
    Australian gold miner Newcrest Mining has agreed to sell its half of the Hidden Valley mine, in Papua New Guinea, to its South African joint venture (JV) partner Harmony Gold. Harmony will buy the 50% interest in the Hidden Valley JV for a cash consideration of $1, the companies announced on Monday.

Porgera News

  • Barrick Achieves 2015 Production Guidance 2016-01-22

    TORONTO, ONTARIO--(Marketwired - Jan. 21, 2016) -

  • Barrick Completes Formation of Strategic Joint Venture at Porgera 2015-08-31

    TORONTO, ONTARIO--(Marketwired - Aug. 31, 2015) -

  • China's Zijin buys stakes in gold, copper projects 2015-05-27
    China's Zijin Mining Group , which announced two acquisitions on Tuesday for more than $700-million, believes now is the good time to buy overseas assets as the mining sector is weak, a senior executive said on Wednesday. "In terms of acquisitions, now is the low level (of prices), good opportunity," the Zijin executive told Reuters.

Related News

  • Skeena Intersects 24 g/t Gold Over 3.2 Metres at Snip 2016-11-01

    VANCOUVER, BC--(Marketwired - November 01, 2016) - Skeena Resources Limited (TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce the final assay results from the recently completed drill program at the past-producing Snip high-grade gold project ("Snip") located in the Golden Triangle of northwest British Columbia. Highlights include 24.44 g/t Au over 3.2 metres, including 38.3 g/t Au over 1.9 metres in hole S-16-16 which, along with hole S-16-17, were targeted to further extend the newly discovered Twin West Structural Corridor.

  • Kamoa-Kakula Project Now Demonstrated to Be the Largest Copper Discovery Ever Made on the African Continent 2016-10-12

    Kamoa-Kakula Ranks Among the World's 10 Largest Copper Deposits - and Stands as the World's Largest, High-Grade Copper Deposit - Following a New Mineral Resource Estimate

    Kakula - the Second Major Discovery at Kamoa - Contains Indicated Mineral Resources Estimated at 66 Million Tonnes at 6.59% Copper Plus Inferred Resources of 27 Million Tonnes at 5.26% Copper, at a 3% Cut-Off

    Kakula Also Contains Indicated Mineral Resources Estimated at 192 Million Tonnes at 3.45% Copper Plus Inferred Resources of 101 Million Tonnes at 2.74% Copper, at a 1% Cut-Off

    Kakula's Addition Boosts the Combined Kamoa-Kakula Indicated Mineral Resources to 944 Million Tonnes at 2.83% Copper Plus Inferred Resources of 286 Million Tonnes at 2.31% Copper, at a 1% Cut-Off

  • Barrick’s $1bn Super Pit stake said to draw Kinross, Zijin 2016-10-07
    Barrick Gold’s stake in the Kalgoorlie Super Pit mine has drawn interest from Kinross Gold and Zijin Mining Group in a sale that could fetch as much as $1-billion, people with knowledge of the matter said. Australian producers Newcrest Mining, Northern Star Resources and Evolution Mining are also reviewing data on the mine ahead of possible indicative bids, which are due by the end of October, according to the people.
  • Barrick’s $1bn Super Pit stake said to draw Kinross, Zijin 2016-10-07
    Barrick Gold’s stake in the Kalgoorlie Super Pit mine has drawn interest from Kinross Gold and Zijin Mining Group in a sale that could fetch as much as $1-billion, people with knowledge of the matter said. Australian producers Newcrest Mining, Northern Star Resources and Evolution Mining are also reviewing data on the mine ahead of possible indicative bids, which are due by the end of October, according to the people.
  • Initial Mineral Resource Estimate for High-Grade Kakula Discovery Expected to Be Issued by Ivanhoe Mines Next Week 2016-10-06

    KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO--(Marketwired - Oct. 6, 2016) - Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that Kamoa Copper expects to issue the initial Mineral Resource estimate for the Kakula Discovery during the week of October 10, 2016.

Top Mining News

  • Ecuador approves EIS for Lundin Gold’s Fruta del Norte project

  • Atalaya’s quarterly copper production doubled as Proyecto Riotinto ramp up continues

  • Aucu delivers more high grade results

  • Trevali expands high-grade Santander deposits, makes new hanging-wall discovery

  • Nordgold launches Bouly operation in Burkina Faso

Latest Mining News

  • Suva Ruda drilling update

  • Anglo American Platinum completes sale Rustenburg

?>