Any thoughts on this article, or is it another PNG beatup?Miners...

Any thoughts on this article, or is it another PNG beatup?

Miners doing it tough

Wednesday, 3 July 2013


"Barrick will also be casting an eye over potential economies at its Porgera mine as it battles the ever-present issue of illegal miners, while Ok Tedi may need to reassess its mine extension plan in view of new market conditions.

In both mines the problems related to overburden removal and handling loom large. In the case of Porgera they contribute to open pit mining problems while at Ok Tedi it is a crucial aspect of mine life extension. Falling fuel prices could aid in more economic handling of this waste, though most analysts do not appear to see reducing oil prices as a likely outcome in the present climate"

http://www.pngindustrynews.net/storyview.asp?storyID=798532783§ion=Wantok§ionsource=s14035