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Mining/petroleum

Solomon Islands mining industry bounces back

1 Feb 2012 by Leave a Comment
While Solomon Islands lies in the mineral-rich Pacific Ring of Fire, its mining sector has yet to mirror the success of Papua New Guinea, the region’s minerals powerhouse. But the obstacles are being removed. Mining in the Solomon Islands reached its nadir in May 2000, when its only gold mine, Gold Ridge on Guadalcanal, was […]
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Frieda River: glittering project on the rise

1 May 2010 by Leave a Comment
When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors. Regarded as one of the world’s top emerging copper-gold projects, Frieda River is owned by Xstrata Copper (81.18%) and Highlands Frieda Limited (18.82%) in joint […]
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OilSearch celebrates 80 years in Papua New Guinea

1 May 2009 by Leave a Comment
OilSearch Limited is PNG’s longest-established resources company, with an 80-year history of operations in the country. It currently operates all of PNG’s producing oil and gas fields and also has operations in Australia, Yemen and the United Arab Emirates. In fact, the company is still making history, announcing a record US$240 million post-tax profit for […]
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Profile: Mineral Resources Authority

1 May 2009 by 1 Comment
Effectively replacing the regulatory roles previously undertaken by the Department of Mining, the Mineral Resources Authority (MRA) was established by an act of Parliament in 2005. Key to the MRA’s success is the way it is funded. Direct funding from government coffers has been replaced by industry-generated funding. A 0.25% levy on existing mining activity […]
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Star Chamber

1 May 2007 by Leave a Comment
The Papua New Guinea Chamber of Mines and Petroleum is the peak industry body for the country’s resources sector. It has a current membership of over 125 companies, roughly 30% of which are full members—that is, mining and petroleum companies active in PNG. As the industry’s voice, the Chamber has been instrumental in working with […]
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