Newcrest Mining Limited

Newcrest swallows A$6.2B writedown

Newcrest Mining’s (TSX:NM; ASX: NCM) warning in early June that it would be taking up to a A$6-billion writedown on its various gold mining assets around the world has come to pass, and the bite is a little deeper than first anticipated…

Edward Thompson (left), PDAC's awards committee chair, presents Robert Quartermain, president and CEO of Pretium Resources, with the Bill Dennis Award. Photo:

PDAC celebrates 2013 award winners

The Prospectors & Developers Association of Canada (PDAC) handed out its annual awards at a gala during its eighty-first annual convention in Toronto this month. Award recipients were honoured for outstanding contributions and excellence in…

Locals survey the past-producing Panguna copper-gold open pit mine in Bougainville, Papua New Guinea. Photo by Ian Bickis

The high-stakes world of Papua New Guinea mining

PORT MORESBY, PAPUA NEW GUINEA — Rising out of the sea at the collision of the Pacific and Indo-Australian tectonic plates, Papua New Guinea is the stuff of legend for both its geological potential and punishing working environment.

Alder revisits the former Rosita project

Alder Resources’ (ALR-V) chairman Don Dudek and CEO Joseph Arengi, who were persistent in pursuing the past-producing copper-gold-silver Rosita project in northeast Nicaragua, are hoping their perseverance will soon pay off with a big…

Newcrest reopens Lihir, outlines Golpu potential

Newcrest Mining (NM-T) has reopened its Lihir gold mine in Papua New Guinea (PNG) after briefly suspending operations, just as it outlines the potential of Golpu, another major PNG project.On Aug. 28 the gold miner — Australia’s…

The exploration crew at WCB Resources' Misima Island copper-gold project in Papua New Guinea. Photo by WCB Resources

WCB hunts gold, copper on PNG’s Misima Island

When  Xstrata (XTA-L) put its share of the  US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the country — especially given…

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