Tag Archives: alluvial mining

Local firm gets mining licence

The National aka The Loggers Times | May 18, 2017

A LANDOWNER company in Enga has been granted seven alluvial mining licence leases by the Mineral Resources Authority.
It allows the Koekam PM Holdings Ltd in the Kompiam-Ambum district to engage exploration companies on their tribal land.
Company chairman Peter Malix, while thanking the MRA for granting the licence, said it had taken a long time and resources to finally receive the mining licence.
He thanked Mining Minister Byron Chan, the Mineral Resources Authority and those who had done a lot so that the landowner company “can have a say in the development of resources in our own land”.
The licence will allow investment in development of the mineral-rich Koekam area where alluvial mining activities are on a small scale.
“Now we have the five-year mining leases,” Malix said.
“I appeal to people from the five council wards to work together so that we can get maximum benefit from the mining development,”
The impact areas will cover Poreyalin, Aiyal, Malipin, Liu-Tip and the Kukin-Kalimb tribe from the Kompiam Local Level Government.
Alonge Alupi from Koekam said he was happy that they would now look for investors to develop the alluvial mining.

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SME mining creating jobs for youths in Bulolo

alluvial watut

Post Courier | February 14, 2017

A SMALL to medium enterprise (SME) in Bulolo, Morobe Province is having a positive impact on youths in this area.

TRocks Construction Ltd  owned by Berldon Timah is a four-month old small scale alluvial mining company. Mr Timah said to date the company has created jobs for 48 workers who have been rostered on two shifts. He said business has been good but more could be achieved particularly for the youths in these rural areas through government intervention.

Apart from this venture, Mr Timah has established a small foundation in the area which provides help for the local schools, not just in this area but to neighboring Eastern Highlands Province as well. Timah says of the revenue generated from his projects 10 per cent goes towards the foundation’s activities.

Meanwhile, the foundation, with support from Mr Timah’s company has provided help by assisting disadvantaged communities with road projects and other basic services.

The foundation has also funded school infrastructure and supplies in the Eastern Highlands and Morobe Provinces.

Mr Timah said all his work was not to gain glory but to help give back to the community.

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Alluvial mine project seeks partnership

ramu

Cedric Patjole | PNG Loop | January 2, 2016

A joint venture partnership is needed to kick start an alluvial mining project with huge potential in mineral deposits and Liquefied Natural Gas (LNG) reserves.

Situated in Madang Province, the Alluvial (Merchanized) Mining Project is located in the Middle Ramu District covering roughly 2,230 square kilometres.

According to the Investment Promotion Authority’s (IPA) e-opportunity newsletter, ­the project is being promoted by Ramu Resources Development Limited, a registered company representing 12 landowner clans within the project area. 

[Editors Note: Although the company MIGHT ‘represent’ the 12 clans as claimed, according to company records RRDL has just two directors, Benny Limbe and Benny Kom, who are also the only shareholders – Ramu Resources Development extract]

The company seeks a joint venture partnership to take the Alluvial (Merchanized) Mining Project off the ground.

Mineral explorations undertaken within the Exploration Lease (EL) area in 2010 and 2013 indicate gold to be the major resource tenement,

There are also significant deposits of copper and nickel, and silver, platinum and cobalt.

The area is also predicted to contain a significant amount of LNG reserves.

K2.2 million is needed to kick start the project with K200,000 towards initial exploration and K2 million to facilitate a two-year term exploration with intent to set up alluvial merchanize mining.

Landowners in the area have also agreed to selective logging of various hardwood trees including New Guinea Rosewood, Kwila and Taun being the main species.

Interested individuals or companies are to contact Benny Limbe or Kamis Yalakun for further information. They can be reached on email bennylimbe@gmail. com or Kamis Yalakun (Acting Manager – Investment Promotion Unit, IPA, Tel: 308 4531 and email kyalakun@ipa.gov.pg.

The potential development of the Ramu Alluvial (Merchanized) Mining Project joins the current operation  of the Ramu Nickle and Cobalt mine in Madang.

The mineral deposits and gas reserves found in the Middle Ramu District are located within the New Guinea Thrust Belt.

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Benefits of “Mechanised Alluvial Mining” Explained

alluvial_mining-show

LOOP | November 4, 2016

The third annual PNG Alluvial Mining Convention & Trade Show started yesterday at the National Sports Institute in Goroka, Eastern Highlands Province.

The two-days (Nov 3-4) convention is an initiative of the Mineral Resources Authority (MRA).

The theme of this year’s convention is “Mechanising the alluvial industry” and aims to set a platform for stakeholders to exchange information, discuss issues and share ideas on how mechanised alluvial mining can result in maximum benefits for miners.

“Mechanising” refers to the use of machines such as excavators in alluvial mining.

Managing Director of MRA, Philip Samar in his opening remarks said MRA was committed to ensuring that the growth of the sector was supported and promoted.

He said the convention was an opportunity for all stakeholders to discuss how the sector could be mechanised.

Stakeholders include the alluvial mining communities from all areas of PNG, the MRA, small and medium business promoters, financiers, joint venture interests, gold buyers, smelter companies and exporters, Provincial and Local Level Governments, lawyers, equipment manufacturers and suppliers.

Over 200 participants have registered for the convention, representing most alluvial areas of PNG.

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Alluvial Mining Convention and Trade Show in Goroka, 3-4 November

convention-poster-sam-2016_edit

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November 1, 2016 · 10:07 am

Alluvial gold mining set to deliver K355 million to landowners this year

alluvial miners at work

Alluvial miners at work on Bougainville

Alluvial gold price looks promising says MRA

Post Courier | October 24,2016

ALLUVIAL gold production and revenue levels between 2014 and 2016 have naturally responded to the fluctuating gold prices on the world market.

This is according to the managing director of the Mineral Resources Authority Philip Samar who said in 2016, MRA expects a further decline, with just 90 ounces being produced.

In a statement released yesterday Mr Samar said, production had dropped from a historic high in 2014 of 120 ounces (oz) of gold which had netted K373.3million to 113 oz in 2015, generating K356.3million.

However, he said because gold prices had increased substantially earlier in the year to an average US$1340/oz, (K 4,247.27) and remained stable at that for almost six months (only dropping below US$1200/oz), (K 3,804) the revenue side had been holding against the 2015 figures of K356.3million.

According to the statement revenue to date is K266.7million as at the end of Quarter-3 and MRA projects around K355.6million for the full year.

On the upside, in the past 12 months there has been considerable interest in tenement applications within this sector especially for alluvial mining leases (AML) and associated joint venture arrangements.

According to Mr Samar while some previously approved deals had collapsed, MRA remained confident that the future of the sector especially the ability to generate greater production and significant revenue, lies in mechanisation.

Hence, the theme it is promoting at the upcoming Alluvial Mining Convention which will be held in Goroka on November 3-4, 2016.

The entity had also noted an increase in gold smelting and refining opportunities in PNG from overseas investors.

The conference is open to all and MRA is urging all to attend to not just learn about the sector but establish contacts as well.

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Alluvial mining reaches peak in Bougainville

alluvial_mining_bougainville

PNG Loop | October 2, 20016

Alluvial mining in the Autonomous region of Bougainville is now at its real peak with people taking it as a compulsory exercise and millions worth of gold being taken out.

A lot of con activities are also happening in and around Bougainville spoiling the good name of honest alluvial miners.

In a recent incident, a highlander was conned into buying iron oxide instead of gold and a hundred thousand of his money gone wasted.

When he went into testing in Moresby, it was confirmed that what he bought wasn’t gold at all.

An alluvial gold miner who wishes to remain anonymous due to the sensitivity of the issue said a lot of these type of people are spoiling the good name of honest dealers and miners.

“We will surely loose business and buyers will fear buying gold from us because they will think we will trick them like what some people are doing right now,” he said.

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