Plans for the world's first deep sea mine are taking shape in the waters off Papua New Guinea. The ocean floor is rich in gold, copper and other minerals in big demand around the world. But some scientists warn that digging up the seabed will destroy marine life, and Sir David Attenborough is among those objecting. BBC News science editor David Shukman reports.
Views: 3520 David Shukman
Canadian mining company Nautilus Minerals has reached an agreement with the government of Papua New Guinea to begin mining an area of seabed believed to be rich in gold and copper ores, according to the BBC. Under the terms of the agreement, Papua New Guinea will contribute $120 million to the operation and receive a 15 percent share in the mine. Environmentalists say the mine will devastate the area and cause long-lasting damage to the environment. The BBC reports that "the mine will target an area of hydrothermal vents where superheated, highly acidic water emerges from the seabed, where it encounters far colder and more alkaline seawater, forcing it to deposit high concentrations of minerals." The report continues: The result is that the seabed is formed of ores that are far richer in gold and copper than ores found on land. Mike Johnston, chief executive of Nautilus Minerals told the BBC "that a temperature probe left in place for 18 months was found to have 'high grade copper all over it'." Nautilus announced in April that it had completed its bulk cutter, the first component of its Seafloor Production Tools system, which will be used to mine the seabed. Nautilus also approximately 500,000 square kilometres of "highly prospective exploration acreage" in Papua New Guinea, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific, the company said in a press release. ------------------------------------------------------------------------------------------------ Next Animation Studio’s News Direct service provides daily, high-quality, informative 3D news animations that fill in for missing footage and help viewers understand breaking news stories or in-depth features on science, technology, and health. Sign up for a free trial of News Direct's news animations at http://newsdirect.nextanimationstudio.com/trial/ To subscribe to News Direct or for more info, please visit: http://newsdirect.nextanimationstudio.com
Views: 34637 News Direct
A small scale miner and local business man, Joe Tomerop [TOR-MER-ROP] says Papua New Guinea will have a bright future, if the Government sees the importance of Alluvial Mining. Tomerop who has been in the business for five years says small scale mining can rescue a Country’s economy and foreign exchange. However, he still needs a license to operate as a first time local investor in this sector. - visit us on http//www.emtv.com.pg for more news....
Views: 591 EMTV Online
Recruitment specialists say mining companies, desperate for workers in remote areas, are again turning to FIFO workers from the eastern states, but are unlikely to pay the sky-high wages seen in the last big boom. Read more here: For more from ABC News, click here: http://www.abc.net.au/news/ Follow us on Twitter: http://twitter.com/abcnews Like us on Facebook: http://facebook.com/abcnews.au Subscribe to us on YouTube: http://ab.co/1svxLVE Follow us on Instagram: http://instagram.com/abcnews_au
Views: 27702 ABC News (Australia)
The Centre for Environment Law and Community Rights today (19 November, 2018) launched a “No Coal in PNG” Campaign to raise awareness against the use of coal as an energy source in PNG. This comes after the government of PNG granted an exploration license for coal exploration in the provinces of Gulf and Morobe. Coal produces 72 percent of Carbon Dioxide gas, which affects the atmosphere and contributes to climate change and global warming. - visit us on http//www.emtv.com.pg for more news....
Views: 98 EMTV Online
The Frieda River Copper-Gold Project in the West Sepik Province has been seeing progress since Australian miner PanAust Limited acquired a majority interest in the project in August last year. A cocktail function was held on Thursday evening (February 6th 2015) to mark PanAust’s entry in Papua New Guinea, through the Frieda River Copper-Gold Project. PanAust is a copper and gold producer in Southeast Asia and has a portfolio of organic growth projects in Laos, Chile and now in Papua New Guinea. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 617 EMTV Online
When Mayur Resources, an industrial minerals miner, was offered a buyout from a private equity firm, the company turned it down to continue operating in Papua New Guinea. “We see an opportunity with Papua New Guinea to make a real difference, it isn’t something that’s going to happen overnight,” said Paul Mulder, managing director of Mayur Resources. Papua New Guinea is a relatively underdeveloped country compared to other countries in the Asia Pacific, and with a significantly growing population, Mulder sees a great business opportunity in what he describes as “a frontier of a developing nation.” _________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit http://www.kitco.com/ Follow us on social media: Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs Twitter - https://twitter.com/kitconewsnow Google+: https://plus.google.com/u/0/116266490328854474588 StockTwits - https://stocktwits.com/kitconews Live gold price and charts: http://www.kitco.com/gold-price-today-usa/ Live silver price and charts: http://www.kitco.com/silver-price-today-usa/ Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Views: 1130 Kitco NEWS
On this episode of Business PNG, the Lihir Mining Area Land Association has spearheaded Lihir’s first ever local loan scheme. The LMALA Social Business Limited’s Leveraging system allows people impacted by mining activities on the island to borrow money and start their own businesses. It’s a move taken by the association to encourage the Lihir people to be self-reliant and financially independent before the mine ceased its operations. Legacies of environmental damages or the decline in standard of living of the people caused by mining activities have been used by other resourceful areas in the country. For the people of Lihir, the landowners know all too well that if they aren’t careful, they too will suffer the consequence of the mining activities. An example is the Misima gold mine in Milne Bay province. The Lihir people, have begun work to chart a new future, to change their way of life, before mining operations end on the island. Also on the show, some of the stories making news headlines for the past week. Visit us at http://www.emtv.com.pg for the latest news...
Views: 453 EMTV Online
Latest Corporate video from Maple Gold Mines, focused on advancing a district-scale gold project in one of the world’s premier mining jurisdictions. The company’s 370 km2 Douay Gold Project is located within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. Listen to David W. Broughton, Ph.D. Head of the Technical Committee & Director, Fred Speidel, VP., Exploration and Matthew Hornor, President & CEO, discuss the jurisdiction and what has drawn each of them to the project. TSX.V: MGM, OTCQB: MGMLF, Frankfurt: M3G
Views: 1467 Maple Gold Mines
On this episode we feature move to merchandise alluvial industry in Papua New Guinea. A recent alluvial mining convention and trade show facilitated by Mineral Resource Authority (MRA) brought together small scale miners throughout PNG as well as international investors to Goroka, Eastern Highlands Province. It was the third such trade show intended to introduce and educate alluvial mining communities to utilise machines and emerging technologies as opposed to the traditional methods of mining. All this aimed at allowing an increase in production for small-scale miners. It was during this event that MRA also revealed the value of alluvial gold exported between the years 2008 to 2015 – a whooping K365 million. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 133 EMTV Online
Alluvial Gold Mining has been in PNG for quite some time. Captain Moresby reported minor amounts of gold in the hills surrounding what is now Port Moresby Harbour in 1873. This episode looks at how the MRA has responded to the need to educate and impart special mining techniques to the local people. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 223 EMTV Online
The Wardens Hearing was conducted by Mineral Resources Authority on the 27th of September 2018 in relation to Exploration Licenses; EL454 & EL858. The affected people of Porgera objected to this application. This video highlights the events on the 27th September.
Views: 281 Frederick Ipara
Papua New Guinea is blessed with an abundance of natural minerals. Whilst the country is known for hosting some world leading mining projects, a key part of this sector which continues to grow, is small scale mining. The Mineral Resource Authority (MRA) estimates that there are over Seventy Thousand small scale miners in the country. Given the huge numbers, MRA has embarked on providing training through the Small Scale Mining Training Centre. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 36 EMTV Online
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Views: 464 DES ON
We follow the young men coming to South Africa and risking their lives in the abandoned gold mines of Durban Deep. The gold mine is an hour outside Johannesburg and was closed down 12 years ago, after commercial mining companies moved on. Now illegal miners descend half a kilometre underground, through make-shift tunnels, and use explosives to blow apart the rock in search of gold. There are dangers both inside and outside the mines, local gangs control the area, and rapes and murders are now commonplace.
Views: 941011 Unreported World
Barrick Gold Corporation recently announced a strategic partnership with a leading Chinese mining company, Zijing Mining Group. Zijing will acquire 50 percent of Barrick (Niugini) Limited, which is the majority owner and manager of the Porgera Joint Venture gold mine in PNG. Barrick Chairman, John L Thornton, said a 21st century mining company with the intention to become a global industrial leader, must have a distinct relationship with China... - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 388 EMTV Online
President of the PNG Chamber of Mines & Petroleum, Gerea Aopi, said mineral explorers are facing tough times. Mr Aopi expressed concerns over the drastic decline in mineral exploration, especially in the grassroots exploration sector. “A decline in exploration impacts many rural Papua New Guineans through the loss of direct employment, and a lot of businesses, owners and suppliers who provide goods and services to support these exploration projects.”.. visit us at http://www.emtv.com.pg/ for the latest news...
Views: 42 EMTV Online
The Mineral Resource Authority hosted its 3rd Alluvial Mining Convention and trade show in Goroka, Eastern Highlands Province today. This year's theme is 'Mechanizing the Alluvial Industry'. The trade show brought together the small-scale miners throughout Papua New Guinea including international stakeholders. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 73 EMTV Online
OK Tedi Mining Limited signed a memorandum of understanding in Tabubil with the office of PNG Civil and Identity registry to have Nationals from the mine is registered under the National Identification program. The agreement will cover the mine areas, Tabubil Township, Fly River corridor and the surrounding communities. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 475 EMTV Online
Small scale mining is a significant contributor to rural economy in Papua New Guinea and must be reviewed to support and accommodate for small-scale mining industry - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 176 EMTV Online
This episode features one of the country’s gold producing province of New Ireland, where Lihir Gold Mine is being operated by the Newcrest Mining Limited. Like any other resource area in PNG, the small island has its own challenges; landowner issues over mining benefits, the transition in the way of life for the people and the struggle for Lihirian people to be self-reliant after mining ends on the island.
Views: 514 EMTV Programs
This week, big news from the mining sector, with the developers of Frieda River Project recently applying for a Special Mining Lease. This application, registered with Minerals Resource Authority, now begins formal regulatory approval process, including the all-important development forums that are required before the SML can be granted. And PNG Chamber of Mines & Petroleum prepares for the upcoming PNG Mining & Petroleum Investment Conference. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 101 EMTV Online
JOHANNESBURG (miningweekly.com) – South Africa’s Harmony Gold is now in the next significant special-mining-lease milestone on the journey towards the co-development of the rich Wafi-Golpu project in Papua New Guinea (PNG), 65 km south-west of the port of Lae, PNG’s industrial hub and second largest city.
Views: 76 MiningWeekly
Experimental seabed mining is soon to be trialed in the country, early as 2019. The University of Papua New Guinea’s School of Natural and Physical Sciences, hosted a public lecture that provided critical assessments and evaluation on concerns of experimental seabed mining and challenges impacting sustainable ocean resource management. The world’s first commercial mining in the Bismark Sea has attracted volume of critics with Former Chief Justice, Sir Arnold Amet describing the project as ‘Papua New Guinea- pig experiment’. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 51 EMTV Online
Small scale mining continues to contribute a significant portion of total revenue. The Mineral Resources Authority (MRA) recently hosted the second Alluvial Mining Convention and Trade Show. Small scale miners around the country met at the Lae International Hotel to discuss how to improve practices and productivity in the industry.
Views: 148 EMTV Programs
An employee of Barrick Gold in Porgera escaped death, after being attacked by illegal miners... - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 2674 EMTV Online
Canadian company Nautilus Minerals has received the green light to start mining for gold and copper a mile down. The company will be working off the coast of Papua New Guinea. The job has environmental activists more than concerned. Mashable content. http://www.mashable.com LIKE us on FACEBOOK: http://facebook.com/mashable.video FOLLOW us on TWITTER: http://twitter.com/mashablevideo FOLLOW us on TUMBLR: http://mashable.tumblr.com FOLLOW our INSTAGRAM: http://instagram.com/mashable JOIN our circle on GOOGLE PLUS: http://plus.google.com/+Mashable Subscribe!: http://bit.ly/1ko5eNd Mashable is the leading independent news site for all things tech, social media, and internet culture. http://www.youtube.com/mashable
Views: 1774 Mashable
A group of more than 30 Lutherans travelled by foot to 4 provinces, as part of an outreach to remind the people of what the Christian faith preaches about looking after the environment. The group which includes youths from Karkar Island in the Madang Province walked 261 kilometres between Chimbu, Western Highlands the Eastern Highlands and Jiwaka provinces. They highlighted that the Lutheran church does not support Seabed Mining. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 193 EMTV Online
As part of its Engagement Strategy in Papua New Guinea, Newcrest has embarked on building the capacity, of its local workforce. According to Executive General Manager for Wafi-Golpu, Craig Jones, this has begun in various ways, including a mentoring program for potential leaders at the proposed Wafi-Golpu project in Morobe Province. This is in addition to Newcrest’s support for health, education and public sector capacity building. - visit us at http://www.emtv.com.pg/ for the latest news...
Views: 111 EMTV Online
This testimonial film was made by anthropologist Dr Emma Gilberthorpe of the School of International Development, University of East Anglia. As 2 major resource extraction industries face closure (Kutubu oil extraction and Ok Tedi copper/gold mine) in Papua New Guinea, Indigenous people and corporate representatives were asked what 'development' and 'sustainable development' meant to them and what they thought the future would bring. The views and opinions expressed by Oil Search personnel in this film are those of the individuals concerned and do not necessarily reflect the views of Oil Search Limited.
Views: 1765 ethnofilms
In this Episode: Tonight's Resource PNG episode highlights the Mining Industry in PNG and how it has grown since first discoveries of gold, copper and silver and how PNG's largest mines came into operation... - visit us at http://www.emtv.com.pg/ for the latest news.
Views: 177 EMTV Online