Member Country Report of Papua New Guinea - CCOP

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and silver; and Lihir & Sinivit are producing only gold. Kainantu Mine (the 7 th mine) ownedby Barrick is under “Care and Maintenance”, because the resources been depleted andexploration would need to confirm and increase resources for further mining operations.Two new mines are under construction; Hidden Valley gold silver project owned byHarmony Gold Ltd and Newcrest Mining Ltd Joint Venture; and the Ramu Nickel Cobaltproject operated by China Metallurgy Company (MCC) Ltd.The construction of the mine at Hidden Valley is completed and undergoing tests; andwill be ready for production in the last quarter (November) of 2009. The mine is forecast toproduce 300,000oz of gold and 100,000t of silver.The resource at Ramu is estimated at 143 million tonnes at 1.01% nickel and 0.10%cobalt of which around 50% has been converted to reserve status. This gives a mine life inexcess of 20 years based on projected annual production of 33,000 tonnes of nickel and 3,280tonnes of cobalt contained in a high grade intermediate product. Production is expected in2010.Production Statistics 2008PNG Gold, Silver and Copper Production 2008MINE GOLD (Oz) Silver (Oz) Copper (t)Kainantu - - -Lihir 882,000.00 60,643.99 -OK Tedi 515,400.00 - 159,700.00Porgera 632,542.77 90,859.45 -Simberi 51,541.22 316,208.17 -Sinivit 6,902.80 876.00 -Tolukuma 39,889.41 122,007.08-TOTAL 2,128,276.20 590,594.69 159,700.00No major activities have been completed during the year.The major ongoing activities are the remapping of the geology and geochemistry ofthe Central Highlands of PNG at 100K scale. The project is funded by EU.1.3. Proposed Future ActivitiesMRA will continue to scan into digital format all of the 12,000 items held in theGeological Survey Library and to store these data systematically and make them readilyavailable to clients (exploration companies & researchers) on the MRA website.MRA will soon construct and fit out a rock and core storage shed and associatedlaboratories. All rock and core collections help in temporary storage will be shifted into thenew facility once completed.Other tasks to commence in 2009-2010 are :• edge-matching of existing geological map sheets to produce a seamless geologicalmap of Papua New Guinea, and• resolve issues of stratigraphic nomenclature that will arise as geological mappingaimed at edge-matching proceeds.These two tasks have seed funding from the World Bank Technical AssistanceProgramme.2 CCOP Member Country Report: PAPUA NEW GUINEA
MRA will closely monitor three new advanced projects. They are the Sowara 1Project, Yanderra Project and Frieda Project.Nautilus Minerals Ltd owner of Solwara 1 Project completed its final stage 1feasibility studies in 2008 and lodged an application for a mining lease to mine gold, copperand silver at 1500 m of the Bismarck Ocean Floor.Marengo Ltd on the other hand had completed its Definitive Feasibility Studies (DFS)and will commence feasibility studies on its Yandera copper project.Xstrata Ltd is in the process of finishing its scoping and pre-feasibility studies on theFrieda Copper project.There are also a number of advance prospects in various stages of evaluation whichincludes; Wafi Golpu (Au, Cu) in Morobe Province, Mt. Kare (Au) in Enga Province, andWoodlark (Cu, Au) in Milne Bay Province.1.4. Assistance Required from CCOP/Other Member Countries in Support ofFuture ActivitiesDigital storage and accessibility on website of geological library data and ofgeological rock and core storage data is a topical issue for Papua New Guinea and for othernations. It may be useful to convene a workshop that investigates and reveals the variety ofoptions in these areas, and that leads to the provision of technical assistance to the MemberCountries.PNG may be a pioneering country in the region in off-shore mineral exploration andmining. PNG would like to invite CCOP, Member Countries, Co-operating Countries andOrganizations to assist with developing an off-shore mining policy. Currently there existsnone.1.5. Assistance Offered to CCOP/Other Member Countries in Support of FutureActivitiesThe University of Papua New Guinea is well-placed to offer training and assistance toother CCOP Member Countries. Such a programme might be attractive to Indonesia, theneighbour country that shares a common on-land boundary and similar geology. A two-wayexchange of assistance, training and expertise between Indonesia and Papua New Guineawould be beneficial to both countries. Such a programme could be extended into other fieldssuch as disaster research, preparedness and awareness.Programme Contact Person:Until 10 December 2009:Prof. Hugh Davies, PO Box 414, University NCD, Papua New Guinea; hdavies@upng.ac.pgAfter 10 December 2009:Mr. Len Cranfield, Executive Manager, Geological Survey Division, Mineral ResourcesAuthority, PO Box 1906, Port MoresbyMr. Arnold Lakamanga, Manager Information & Marketing, Geological Survey Division,Mineral Resources Authority, P.O. Box 1906, Port Moresby2. PETROLEUM PROGRAMME2.1. SummaryAs at the end of the year, 2008, the Division regulated 51 petroleum prospectinglicences, 6 petroleum development licences, 3 pipeline licences, 11 petroleum retentionCCOP Member Country Report: PAPUA NEW GUINEA 3
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Member Country Report of Papua New Guinea - CCOP

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