Wafi-Golpu to reduce Harmony’s cash costs

The Wafi-Golpu gold/copper project, in Papua New Guinea (PNG), would contribute to Harmony Gold’s aim of halving cash costs by 2023. CEO Graham Briggs said on Wednesday copper was expected to account for as much as 70% of the revenue of the...

Harmony Gold to fall short of 2012 production target

South Africa’s third-largest gold miner Harmony Gold would miss its 1.35-million ounce production target for 2012, as it would not be able to recover the 70 000 oz it lost in the third quarter, CEO Graham Briggs said on Wednesday. The...

Company Announcement: 1950/038232/06 Harmony continues to generate profits despite lower production

Harmony Gold Mining Company Limited announced its results for the third quarter and nine months ended on 31 March 2012.

Allied ups output in March Q

Gold miner Allied Gold has reported solid production results for the three months to March, with gold production up 9.4% over the previous quarter, while cash costs reduced by 11%. During the quarter under review, Allied produced 34 107 oz of...

Solwara 1 seafloor copper/gold project, Papua New Guinea

Nautilus has signed an offtake agreement with Chinese firm Tongling Nonferrous Metals for the product extracted from its Solwara 1 project.

Newcrest lowers 2012 gold production guidance

Gold producer Newcrest Mining on Tuesday lowered its 2012 production guidance as its Lihir operation failed to reach its targeted production rate and heavy rainfall slowed output at Cadia East. Production expectations for 2012 have now been...

Nautilus seals offtake deal for Solwara 1 deposit

Marine miner Nautilus Minerals has signed an offtake agreement with Chinese firm Tongling Nonferrous Metals for the product extracted from its Solwara 1 copper/gold deposit, off the coast of Papua New Guinea. "We have now closed the value chain...

Santos output climbs 13% as new projects lift production

Australian energy major Santos has reported a 13% increase in production during the first quarter ended March. Production reached some 12.4-million barrels of oil equivalent, primarily owing to added production from new assets, including first...

Harmony Gold quarterly output falls 18%

JSE-listed Harmony Gold said on Friday its March quarter production would be 18% lower than the previous quarter, as safety stoppages and mine upgrades negatively affected operations. Production was stopped for 17 days at its Doornkop mine’s...

Company Announcement: Communications Partnership Brings Increased Range of Products and Services to the Papua New Guinea Market

Leading Papua New Guinea radio communications company, TE (PNG), has partnered with Mine Radio Systems (MRS) Pacific to develop a market leading communications service.

Kula project gets PNG govt backing

The Papua New Guinea (PNG) government has thrown its support behind the proposed Woodlark gold project being developed by ASX-listed Kula Gold. Kula Gold reported on Tuesday that it had received a letter from the Minister for Mining in PNG...

ArcelorMittal’s iron-ore investments, Australian gold exploration in W Africa, S Africa in low mining destination rung

Steelmaker ArcelorMittal is investing more in iron-ore in South America and Africa; Australian junior Middle Island is pushing exploration hard in West Africa, and South Africa a low 20th on mining investment destination ladder.