Tag Archives: Chinese mining

Ongoing unrest affecting Porgera mine operations

The National aka The Loggers Times | September 20, 2017

PORGERA mine operations have been disrupted by the ongoing unrest and roadblocks, according to mine operator Barrick Niugini Limited.

Executive managing director Richmond Fenn said it had significantly impacted communities and businesses in the district.

“The unrest and violence we have seen in recent weeks, combined with frequent road closures on the Highlands Highway, not only impact operations at the Porgera mine, but also prevent the movement of people and goods to and from the region,” Fenn said.

“We hope that the situation improves soon, and we are working to assist the government and community leaders in bringing about lasting peace in the area.”

The two-week closure of the Wabag-Porgera road was lifted yesterday but a truck belonging to iPi Transport was torched soon after.

iPi Transport general manager Maso Mangape told The National that the roadblock was set up by relatives of a boy alleged to have been killed by the security forces last month.

“As two of our trucks were returning empty from Porgera, one was held up or hijacked at the Liop-Ipai section of the road just before Laiagam, and torched. Nothing is recoverable,” Mangape said.

“We are yet to establish the reasons and motives behind this action. It was at around the same location that a local was held up in his bus and shot dead about two weeks ago.”

Roadblocks at Surunki, Jiwaka and Chuave in the past two months “have cost this company so much”.
Mangape said it was frustrating for road-users such as iPi servicing the giant Porgera gold mine and helping contribute to the economy of this country, pay taxes and create employment.

“It is disappointing to see the Government not acting promptly to address these issues on the road,” he said.

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New governor signals approval for Frieda river mine

East Sepik’s new governor, Allan Bird, has signalled his approval for the planned Frieda river mine – all he wants is a government assurance ‘everything will be fine’ – SURELY HE IS NOT THAT STUPID?

Possible mining impact on Sepik river a concern

By Dorothy Mark | The National aka The Loggers Times | August 30, 2017

EAST Sepik Governor Allan Bird has warned that the start of the Frieda gold and copper mine on the border with West Sepik will depend on an assurance by the government that the river will not be polluted.

Bird said the people depended on the East Sepik River daily and did not want it polluted by the activities of the Frieda gold and copper mines.

He was responding to the concern raised by Madang provincial mines director John Bivi on the operation of the Wafi gold mine in Morobe, Marengo in Madang and Frieda in East Sepik.

Bivi requested Bird to highlight this problem in parliament if there is debate on the three mines to begin operating quickly.

Bird said he would not comment on Wafi and Marengo but he would see that the people of East Sepik get the maximum benefit from the Frieda mine.

“We don’t  want what happened at OK Tedi to happen to us. So we will be very careful with this one,” Bird said.

Ramu development foundation director Dr Boga Figa asked Bird to assist in any way possible to have a feasibility study carried out to construct a road from  Banu Bridge to Forogo which could link to East Sepik.

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All that glitters is profit in China’s gold mines as demand for safe haven boost precious metal sales

All that glitters is profit in China’s gold mines as demand for safe haven boost precious metal sales

Zijin Mining’s first-half profit almost triples as Zhaojin Mining’s profit grows 56 per cent.

Enoch Yiu | South China Post | Sunday, 20 August, 2017

Zijin Mining Group and Zhaojin Mining Industry, among two of the Chinese gold industry’s leading miners, reported bumper interim profits, bolstered by surging gold prices amid rising global demand for safe haven investments, and increasing ales at home.

Zijin’s net profit almost tripled to 1.5 billion yuan (US$224.8 million), or 0.069 yuan per share, in the first six months of the year. Zhaojin’s net income rose 56 per cent to 396.64 million yuan, or 0.13 yuan per share, in the same period.

“Hedging demand triggered by political uncertainty became the main driver of the periodical increases in gold price” in the first half, Zhaojin’s chairman Weng Zhanbin said in a statement to the Hong Kong stock exchange.

The improving earnings underscore how an 8 per cent rise in the global price of gold in the first six months of the year has lifted the fortunes of Chinese miners. Earnings were also bolstered by China’s increasing appetite for the precious metal, both as a safe haven investment and as collectible, with the industry’s sales rising 10 per cent to 545 tonnes during the period.

“Mining segment delivered promising results, with the production volume of gold, copper, zinc and other key metals continuing to lead the industry,” said Zijin Mining chairman Chen Jinghe said in the result statement.

Zijin operates mines in nine overseas countries, extracting silver, zinc and copper. Among them, copper production increased 10 per cent while zinc production rose 8.6 per cent.

“During the reporting period, the company’s overseas projects maintained a good trend of development. The outputs of the Porgera gold mine in Papua New Guinea, the Jilau/Taror gold mine in Tajikistan, and the zinc and multi-metals mine in Tuva, Russia increased,” Chen added.

“ In the second half of 2017, developed economies such as Europe and the United States are expected to stabilise and gradually recover, while the Chinese economy will remain stable and sustain a positive trend, the results of supply-side reform will begin to emerge, and the cyclical consolidation of bulk commodities has probably completed,” Chen said.

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Solomons landowners discuss concerns on reopening gold mine

The over-full tailings dam facility at the Gold Ridge Gold Mine on Guadalcanal in Solomon Islands in January 2015. Photo: copyright Dr Matthew Allen – ANU

Landowners on Guadalcanal in Solomon Islands have been consulted about the proposed reopening of the Gold Ridge gold mine.

The mine was closed in 2014 after massive floods and its ownership was then transferred from the Australian owner St Barbara to a local land-owning company Guadalcanal Community Investments Ltd.

Guadalcanal Community Investments Ltd is now working with Chinese-owned Australian property developer AXF Group which plans to have the mine operational by the end of 2018.

Bringing the gold mine back to life is also a major policy objective of the government which says it wants to do it right.

Members of landowning communities discussed a range of issues with government officials and company representatives relating to royalties, security, environmental impact, revenue sharing and the relocation of people.

They were assured by both the government and the company that their concerns would be taken onboard and addressed to ensure a smooth reopening.

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Ramu mine faces huge deficit

Post Courier | April 04, 2017

THE Ramu nickel-cobalt project in Madang is facing a huge deficit balance accounting to more than K100 million despite achieving 100 per cent design capacity beginning this year.

The deficits are due to the declining commodity prices and serious April 2016 fatality at Basamuk refinery forcing the project to shut down indefinitely at the time incurring huge production losses.

Vice President of Ramu NiCo, Zhao Deqian announced this during the monthly KBK elders’ project update meeting in KBK on Saturday. Mr Zhao was accompanied by Executive Deputy General Manager KBK Mine Li Bentao and Deputy General Manager Commercial KBK Mine Liu Tianhua.

“We have achieved milestone production reaching 109 percent design capacity but at the time when nickel price is at US$13,000/ton low and production loss during Basamuk April 2016 incident costing hundreds of millions of Kina deficit.

“We are still recovering from production loss but capable to sustain ourselves given the current production stability,” Mr Zhao said.

He said the project operation cost can sustain itself from little money made including salary for employees and the deliverance of Project MOA commitments.

“We are now emphasising on safety issues and taking strict control on safety standards on site so we do not repeat the same Basamuk April 2016 incident. We cannot afford another production loss,” Mr Zhao said.

He said the company has identified some priority areas to cut down costs including the reduction of Chinese employees and increase of national employees through localisation programs.

“Our aim now is to make profit, deliver benefits to landowners and ensure high safety standards,” he said.

The Vice President acknowledges the landowners for their support and asked for their continuous support for the Project until it clears off the deficit balance.

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PNG group says mining ombudsman ‘last hope’

Porgera mine. Photo: wikicommons / Richard Farbellini

Radio New Zealand | 13 March, 2017

A human rights group in Papua New Guinea says it would be a great relief if Canada agrees to appoint an ombudsman to monitor PNG’s mining sector.

The Akali Tange Association has written to Canada’s Prime Minister, Justin Trudeau, as part of a wider global campaign calling for the appointment.

The group said Canadian-owned Barrick Gold had employed security guards at Porgera who had committed killings, assault, and rape.

Its executive officer, McDiyan Robert Yapari, said an ombudsman would finally provide some justice for victims as well as holding mining companies to account.

“Now we don’t have any choice but only our prayers – our only hope now lies with the Canadian Prime Minister, if he sets up this Canadian extractive human rights ombudsman – that would be a great relief for us,” said McDiyan Robert Yapari.

Mr Yapari said the situation at Porgera Mine was getting worse and an ombudsman was the community’s last hope.

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Where to dump Frieda’s raw waste just a ‘technical issue’: Minister

Frieda River mine set to start operations 
[the Post Courier loves a misleading headline!]

Post Courier | March 09, 2017

The giant Frieda River mine in West Sepik is now 60 percent ready of becoming a reality with the National Government waiting to issue the mining license for the project to start after few technical issues are sorted out, says Aitape Lumi MP and Minister for Treasury Patrick Pruaitch.

“Frieda River is 60 per cent reality now, we are ready to issue the license. We just need to work through with the technical people to on how they will dump the raw waste.”

“The company has put an application to convert mine waste into power generation system , but the State does not have the capacity so it is doing its best to hire people to give the best advice on how we can look at that and we can give the okay for that 40 per cent to be completed, for 100 per cent to give the mining license for project to start,” Mr Pruaitch said.

Mr Pruaitch said this at the opening of the first ever Frieda Mine Landowners Forum underway in Port Moresby’s Crowne Plaza Hotel that started yesterday and will end today.

Mr Pruaitch urged the people to work together and put together their benefits package for the National Government to consider during the project negotiation.

” Let us not send mix signals, it will give opportunity for company to go divide a few LLGs and MP’s to start the mine with the least cost possible so we can bring in impacted development for that region,

“I believe that is a big project that will transform Sandaun Province and Sepik region including Madang. This project will spread benefits across the region.”

YUP, JUST LIKE OK TEDI HAS TRANSFORMED WESTERN PROVINCE; LIHIR HAS TRANSFORMED NEW IRELAND; PORGERA HAS TRANSFORMED ENGA; AND THE LNG HAS TRANSFORMED HELA PROVINCE

HOW ARE OUR POLITICIANS STILL ABLE TO SPOUT THIS NONSENSE AND NOT GET LOCKED UP IN LALOKI PSYCHIATRIC HOSPITAL?

OR MAYBE WE NEED TO CHANGE THE LAW TO MAKE PEDDLING FALSE CLAIMS AND PRAYING ON PEOPLES DESPERATION BECAUSE THEIR GOVT HAS FAILED THEM A CRIMINAL OFFENCE?

“I want initial support from landowners because if we don’t have a project, we will not talk about benefits. We have to have a project, we have to get a leg in and another one in than we can be able to negotiate for the benefits. If we are not supporting the project than we can be standing here as leaders driving a lost cost, we must have a project, we must have shareholding understanding with impacted landowners, we must have understanding with the Telefomin district, we must have that understanding with the Telefomin LLG and sandaun Provincial Government.”

“I want Frieda mine which is going to be the first mining for the next government to use LNG precedent to allocate these benefits.”

Landowners to discuss benefits amongst others

FRIEDA Mine landowners have come together to discuss issues including benefits for negotiations with the National Government and developer PanAust when Frieda Mine project comes into development.

Member for Telefomin Solan Mirisim who initiated the first ever landowner forum to discuss issues surrounding the Frieda River Project, the Political Leaders from the West Sepik Province. MRA and stake holders emphasised on how best they can work hand in hand and support the Company, landowners and the State to kick start the Project once the SM application is granted.

“I stand up here representing the views, the cries and the excitement of over 50,000 people from Telefomin District, including people from ward 21, particularly the seven impact Villages within the vicinity of Special Mine Lease area.”

Mr Mirisim said Telefomin is the host District of the Frieda River Project and is one of the most remotest districts in the country that has no road link, only mode of transport is by Air and the four LLG are all accessible by third level airline and it is very expensive District to deliver goods and services to our people on time.

“Frieda River Project is the only Project in this country that has taken over 40 years of exploration after exploration, I must take this time to thank many exploration companies who have worked on the Frieda River Project for many years to this time, it is long time awaiting for our People in Frieda River and Telefomin District.”

“I would like to thank the Highlands Pacific and the PanAust for taking the project closer to fruition. One final step to finish and we will have a world class Mine that will be mined and developed in our District which will no doubt create prime opportunity to impact and transform the lives of our people through employment, training, economic empowerment, contracts and all kinds.

“We want to see a Pathway that will improve our way of life, a pathway that will change the areas of Infrastructure, a pathway that will see a society transformed with Improved Social and Health Indicators.

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