Posts Tagged ‘guinea’

Dented by heavy rains in Papua New Guinea and lower ore grades, the company reported a 20% fall in quarterly production Monday, in line with its recent forecast. Full story

Harmony Gold resumed operations at the Hidden Valley mine in Papua New Guinea this morning. Mining activities were temporarily suspended yesterday following an earthquake that affected the area Full story

Harmony Gold Mining Company Limited ("Harmony" and/or "the Company") advises it has temporarily suspended operations at its Hidden Valley mine in Papua New Guinea (PNG) as a precautionary measure following a 7.1 magnitude earthquake in PNG early this morning (South African time). Full story

Indochine Mining (ASX: IDC) has commenced the first phase of a drill programme of up to 10,000 metres at its Mt Kare gold/silver project in Papua New Guinea, designed to generate core for metallurgical test work. Mt Kare is potentially a two million ounce gold/silver deposit. Continue reading at IntelliAsia Full story

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2011) -   Nautilus Minerals Inc Full story

In a surprise announcement Papua New Guinea on Friday introduced a plan to hand state ownership of mineral and energy resources to landowners, a move that may prove disastrous to foreign miners developing massive projects and pushing into new regions of the resource-rich country. Full story

Mining Review reports Newcrest Mining CEO Greg Robinson told reporters on Friday it would acquire Harmony Gold Mining’s 50% stake in their massive Wafi-Golpu joint venture in Papua New Guinea if it was for sale. Last month Harmony Gold upgraded the resource estimate for Wafi-Golpu increasing it by 57% to over 1 billion metric tons, making it one of the highest grade copper-gold porphyry systems ... Full story

Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa’s ruling party is closer to some form of nationalization than at any other time since the end of apartheid. A government takeover of mines could choke investments in a country with metal and mineral reserves estimated at 2.5 trillion and lead to a collapse of the currency, the rand Full story

Harmony Gold Mining upgraded the resource estimate for its Wafi-Golpu project in Papua New Guinea on Wednesday increasing it by 57% to over 1 billion metric tons, making it one of the highest grade copper-gold porphyry systems in South East Asia. CEO Graham Briggs said it was a "game-changing asset" for the company and the latest drilling results bring the Wafi-Golpu deposits within sight of ... Full story

According to reports more than 7,000 workers from Freeport McMoRan's massive gold and copper mine in Indonesia's western Papua region started a week-long strike on Monday to demand better wages. The Grasberg mine is the richest gold and third largest copper mine in the world and and the US company's local subsidiary is the largest single taxpayer to the Indonesian government. AFP reports: Papua, a ... Full story