Harmony/Newcrest to cut costs

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Gold miners Newcrest Mining and Harmony Gold report are reviewing capital expenditure at their two joint venture projects in Papua New Guinea because of weak gold prices.

Around the world: High profile violence/Vodafone in Madrid/mining approval delays/busy Pacific Beat/Greek sell-off

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PNG violence, Vodafone in Madrid, PNG criticised for mining delays, the gold crash leads to a gold rush, and much more news from around the world

Mining update: Papua New Guinea defies world trends

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Minerals sector enjoys its winnings while industrialised world struggles with debt crises. Papua New Guinea’s minerals sector has been sitting in a sweet spot in the past year, with prices for major commodities rising while much of the industrialised world is in a debt-induced funk. The gold price has risen from lows of $US1320 an […]

Frieda River: glittering project on the rise

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When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors. Regarded as one of the world’s top emerging copper-gold projects, Frieda River is owned by Xstrata Copper (81.18%) and Highlands Frieda Limited (18.82%) in joint […]