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