Lihir leads PNG mines in gold production

Lihir Gold Mine in New Ireland province as of last year is leading in terms of its output gold production according to Mineral Resources Authority (MRA).

Arnold Lakamanga, the manager for information and marketing for MRA during a media resource presentation in Madang last week, said that out of the eight existing operating gold mines in the country, Lihir produced 755,847 ounces of gold while Kainantu out of all of them did not produce any gold at all in 2013.

The eight existing gold mines in the country are as follows with their production values including Pogera (Enga province- 499,152 ounces), Kainanatu (Eastern Highlands province-Nil), Ok Tedi (Western province-242,000 ounces), Tolukuma(Central province-8329 ounces), Sinivit (East New Britain-1,1800.23 ounces), Simberi (New Ireland-48,700 ounces), Hidden Valley (Morobe province-183,869 ounces) and Lihir.

Mr Lakamanga said that the total gold production stands at 1,739,085.61 ounces and silver with 2,658,939.23 ounces.

"One of the advanced resource projects in the country, Wafi-Golpu Mine in Morobe province which has a mine life of 25 years has 1 billion tons of resources containing 74 million ounces of Gold and 9 million tones of copper," he said.

MRA is determined that by years 2020 to 2025 PNG will be able to increase greatly its gold and copper exports and as well increase exploration opportunities in the country of which some other minerals are not explored currently will be identified.

"Amongst these diverse minerals to be explored include Molybdenum and Rehenium (Yandera), Iron, Vanadium and Titanium (Amazon Bay) and Chromium (Salamaua-Morobe)."

Mr Lakamanga said that PNG is quite a complex country to do business a lot of investors have however shown confidence in coming into the country and develop the resource sector.

"MRA is keen on encouraging investors to come in and do business in the country; we are actually going out to educate investor with the different situations they may face when coming into the country to do business. MRA has started doing its own social mapping exercises within resources project sites as well using local scientists, social scientists (home grown skilled and talented citizens) for example in Mt Kare and Simberi mines."
Previous Post Next Post