Australia s Newcrest Mining Ltd
reported a 46% fall in first-half profit on Thursday, as output
declined at its Lihir and Cadia mines following maintenance
activity. The company earned. | February 16, 2022
The miner posted a 10% sequential rise in second-quarter gold output, driven by higher throughput rates and increased mill capacity at its Cadia project.
Papua New Guinea: the next global resource capital?
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When it comes to global mining darlings, countries like China, Australia, and South Africa have dominated the world stage.
However, just north of Queensland resides a small country piquing worldwide interest. Papua New Guinea is being eyed by some of the biggest players in the mining game as a new hotspot for resource opportunities.
A steady rebuild
In reality, mining in Papua New Guinea has been going on since the early 19th Century. It was a slow build-up for the small country, but the 1960s brought with them a porphyry copper boom in the country.