Frieda River Project

Frieda River mine
Location
Western Province
Country Papua New Guinea
Production
Products Gold Copper

The Frieda River Project is a large open cast mine and associated infrastructure in the Western Province of Papua New Guinea. The deposit is a large copper-gold porphyry deposit.[1] The project includes a hydroelectric scheme to provide electricity.[2] and service by the Frieda River Airport. In 2010, the mine had estimated reserves of 14.3 million oz of gold.[3]

The project was originally majority owned by Xstrata,[4] it is now owned by PanAust Ltd after it was bought from Glencore/Xstrata in 2013[5]

Feasibility studies were underway in 2010[6] and completed on 19 May 2016, and were reportedly on track at that time for submission to the Government of Papua New Guinea.

See also

References

  1. ↑ "Xstrata says revised resource estimate confirms Frieda River's potential as a very significant copper-gold project - Proactiveinvestors (UK)". Retrieved 2010-11-28.
  2. ↑ "PNGIndustryNews.net + Frieda a standout: Highlands Pacific". Retrieved 2010-11-28.
  3. ↑ "Terrestrial mining and mineral resources of the Pacific Islands Region" (PDF). sopac.org. 2013. Retrieved 2013-06-21.
  4. ↑ Tasker, Sarah-Jane (2010-11-27). "Xstrata invests $125m in PNG". The Australian. Retrieved 2010-11-28.
  5. ↑ http://www.bloomberg.com/news/2013-10-31/panaust-buys-glencore-stake-in-frieda-river-copper-project.html
  6. ↑ "Mining Journal - Xstrata approves Frieda funding". Retrieved 2010-11-28.

External Links

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