Mining Sector in Papua New Guinea
Harmony’s 18-Year Wait: What Wafi-Golpu’s Delay Is Costing Morobe and PNG
Wafi-Golpu's special mining lease is still unsigned after 18 years. What PNG demands, who is reviewing it, and the output Morobe is waiting for.
Ok Tedi’s K450m Dividend Paid Western Province 33%, Not Marape’s 40%
Ok Tedi paid Western Province K150 million of a K450 million dividend, one-third, after Marape announced 40% landowner equity and a mine life to 2084.
Porgera Escrow Hits K290 Million After Three Missed Deadlines on Landowner Agreement
New Porgera has paid K290m into escrow and holds K331m in royalties, with landholders’ shares waiting on an agreement first due by end-2024.
Ok Tedi CEO Kedi Ilimbit Runs a Mine That Is Fully PNG Owned
Ok Tedi CEO Kedi Ilimbit joined the mine as a graduate engineer in 1995. He now runs a K9.3 billion company owned by the State and…
Elliott Acquires $700 Million Stake in Barrick Mining, Joins Top 10 Shareholders Amid Restructuring Speculation
A major shake-up is underway at Barrick Mining. Elliott Investment Management, a prominent American hedge fund, has quietly taken a large stake in the company. Valued…
African Rainbow Minerals Eyes $4-5 Billion Copper Venture in Papua New Guinea with Newmont
African Rainbow Minerals (AFBOF) is embarking on one of its most ambitious projects yet—a major copper mining venture in Papua New Guinea, in partnership with global…
Ok Tedi Mining Positions Itself At The Forefront of Emerging Local LNG Market in Papua New Guinea
The Ok Tedi Mining Limited (Ok Tedi) has signed a non-binding gas supply term sheet with ArranEnergy, a subsidiary of Trans Wonderland Limited (TWL), marking a…
Internal Revenue Commission Projects Mining Sector Tax Revenue to Hit K2 Billion in 2025
Papua New Guinea’s mining sector is a cornerstone of the nation’s economy, representing roughly 12 to 15 percent of the country’s Gross Domestic Product (GDP) and…
