#panaust

Frieda River project still faces obstacles says managing director Fred Hess #PNG

PanAust is keen to start development of the Frieda River copper-gold project, Managing Director Fred Hess told the Papua New Guinea Mining and Petroleum Investment Conference in Sydney last week. But he warned there are many obstacles to overcome before a final decision to go ahead with the mine.

PanAust’s Fred Hess. Source: Business Advantage International

Hess said the nature of the resource at…

In brief: PanAust applies for Frieda River licence, new US-Pacific fishing deal and claims Papua New Guinea economy sound #PNG

PanAust applies for Frieda River mining licence, new deal governing American access to the region’s tuna fishing and Chief Secretary to Government says Papua New Guinea’s economic fundamentals sound. Your weekly digest of the latest business news. PanAust has applied for a Special Mining Lease for the Frieda River Copper and Gold Project. The application was registered with the Mineral Resources…

Frieda River 'one of largest' undeveloped copper-gold deposits in world, says PanAust #PNG

PanAust has released its feasibility study into the Frieda River mine in Sandaun Province, claiming it is ‘one of the largest undeveloped copper-gold deposits in the world’, with an initial 17-year mine life. The company’s intention is to take a staged approach to development. The Frieda River project in Sandaun Province. Credit: Xstrata Copper The feasibility study found that there are over 2.7…

Bright spots, but challenges remain for Papua New Guinea’s mining sector #PNG

Despite some positive developments for the mining sector in Papua New Guinea, the industry continues to face funding challenges for critical exploration activity, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG. A helicopter at Highlands Pacific’s Star Mountains project. Credit: Highlands Pacific After sharing the pain of a global downturn in commodity prices…