Freeport replaces CEO at Indonesian unit after strike

Freeport-McMoRan Copper & Gold's will appoint a new chief executive at its Indonesian unit, the Arizona-based miner said on Friday, as it looks to turn the page after it made an agreement last month to end a crippling three-month strike. Rozik...

Porgera mine, Papua New Guinea

A Barrick Gold-controlled mine, situated in Papua New Guinea.

Freeport Indonesia copper mine strike to continue next wk

A strike paralysing output at Freeport Indonesia's Grasberg mine, one of the world's biggest sources of copper and gold, will extend into a second week after talks between the firm and workers broke down, a union official said on Friday. The...

Papua New Guinea’s copper/gold opportunities evoking geological superlatives

Geologists regard Papua New Guinea (PNG) as a rousing copper-gold province. “It’s a place where geologists have great fun,” says Harmony Gold CEO Graham Briggs, who is eager to build Harmony’s second PNG mine in joint venture with...

Harmony swings to profit, production declines

South African miner Harmony Gold on Monday reported first quarter headline earnings of 33c a share, from a loss of 6c a share in the previous quarter, but quarter-on-quarter production dipped. Gold production declined by 2,9% to 336 650 oz, or 10...

Santos arranges A$2bn debt to help fund growth

Oil and gas explorer Santos has executed a A$2-billion bilateral bank loan facility, which it would use to fund growth, including a liquid natural gas (LNG) project in Queensland. ASX-listed Santos would use the A$2-billion loan to refinance its...

Daily podcast – July 27, 2009

In today's podcast: Harmony Gold reports a fatality at its Evander 2 shaft, in Mpumalanga province; and two workers at Freeport McMoRan Copper & Gold's mine are among seven detained on suspicion of involvement in recent attacks.

SA gold miner mulling various development options for its massive copper-gold prospect in PNG

Africa’s third-largest gold producer Harmony is focusing its capital expenditure efforts for the next quarter on its Papua New Guinea (PNG) projects where it anticipates spending some R80-million during the December quarter.

DRDGold raises Q4 production by 2%

South Africa's fourth-largest gold producer DRDGold has increased its fourth quarter gold production by only 2% to 131 857 oz, with production from its South African operations reporting an increased of 4% to 90 181 oz for the period. For the year...

PNG gold mine on track for 2009 production

Gold-miner Harmony reports that its Hidden Valley project in Papua New Guinea is on track to begin production in early 2009.

New light and battery innovations combine in new cap lamp

Much lighter and more reliable than traditional miner’s cap lamps, the HaloLite was recently launched by Optimac, a company at the forefront of underground lighting technology based at Pelindaba.

Funding secures exploration at Papua New Guinea project

Diversified metals company Marengo Mining has secured the backing of a group of Australian, British and PNG-based institutions in a A$6-million share placement to underpin an intensive resource drilling program at its Yandera Copper-Molybdenum...