Frieda River Project
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Frieda River Project
The Frieda River Project is a large open cast mine and associated infrastructure in the Sandaun and East Sepik Provinces of Papua New Guinea. The mine is located along a tributary of the Sepik River. The deposit is a large copper-gold porphyry deposit. The project includes a hydroelectric scheme to provide electricity. and service by the Frieda River Airport. In 2010, the mine had estimated reserves of 14.3 million oz of gold. Ownership The project was originally majority owned by Xstrata. It is now owned 80% by Chinese state-owned PanAust Ltd after it was bought from Glencore/ Xstrata in 2013, and 20% by Australian Stock Exchange-listed Highlands Pacific. PanAust is "an Australian incorporated company" owned bGuangdong Rising H.K. Limited "a wholly owned subsidiary of Guangdong Rising Assets Management Co. Ltd" which is a "a Chinese state-owned company" in Guangdong Province, China. Feasibility studies were underway in 2010 and completed on 19 May 2016, and were r ...
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Sandaun Province
Sandaun Province (formerly West Sepik Province) is the northwesternmost mainland province of Papua New Guinea. It covers an area of 35,920 km2 (13868 m2) and has a population of 248,411 (2011 census). The capital is Vanimo. In July 1998 the area surrounding the town Aitape was hit by an enormous tsunami caused by a Magnitude 7.0 earthquake which killed over 2,000 people. The five villages along the west coast of Vanimo towards the International Border are namely; Lido, Waromo, Yako, Musu and Wutung. Name Sandaun is a Tok Pisin word derived from English "sun down," since the province is located in the west of the country, where the sun sets. The province was formerly named West Sepik Province, for the Sepik River that flows through the province and forms part of the province's southern border. Physical Geography The Sandaun Province has beaches along the northern coast, as well as mountainous areas throughout the province, primarily in the southern area of the province. Sev ...
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Gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental ( native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is ...
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Gold Mines In Papua New Guinea
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gol ...
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Mining In Papua New Guinea
Mining in Papua New Guinea is an important part of the Papua New Guinea economy. History Up until 1970, there was little mineral extraction in Papua New Guinea. Since the 1970s, mineral extraction has dominated the national economy. With the exception of the Ok Tedy Mine (copper-gold) almost all of the mining in PNG has been gold mining. The two largest gold mines are the Porgera (Enga Province) and Lihir (New Ireland Province) mines. In 2009, the Hidden Valley gold and silver mine (Morobe Province) commenced production. 2010 will see the start of production from the Ramu nickel-cobalt mine. All the mining activity that has taken place in the country since 1970 has produced approximately 5 million tonnes of copper between 1970 and 2007. The country produced 202,277 t of copper in 2003 compared to 211,315 in 2002, all of which was produced by the Ok Tedi Mine the most active mine in the country. The mine reported that 29.32 Mt of ore was mined (approximately 240,000 t/d mat ...
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Guangdong Province
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) across a total area of about , Guangdong is the most populous province of China and the 15th-largest by area as well as the second-most populous country subdivision in the world (after Uttar Pradesh in India). Its economy is larger than that of any other province in the nation and the fifth largest sub-national economy in the world with a GDP (nominal) of 1.95 trillion USD (12.4 trillion CNY) in 2021. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high technology, manufacturing and foreign trade. Located in this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP; Guangzhou, the capital of the province, and Shenzhen, the first special economic zone in the count ...
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Highlands Pacific
Highland is a broad term for areas of higher elevation, such as a mountain range or mountainous plateau. Highland, Highlands, or The Highlands, may also refer to: Places Albania * Dukagjin Highlands Armenia * Armenian Highlands Australia * Southern Highlands (New South Wales), usually referred as the Southern Tablelands in New South Wales * Central Highlands (Victoria) * Central Highlands (Tasmania) * Northern Highlands, usually referred as the Northern Tablelands in New South Wales Brazil *Brazilian Highlands, the heartland of the country, located on the continental plateau Canada * Grey Highlands, a municipality in central Ontario near the Green Belt * Highlands, British Columbia, a municipality on Vancouver Island, British Columbia * Highlands, Edmonton, a residential neighbourhood in north east Edmonton, Alberta, Canada * Highlands, Newfoundland and Labrador, a settlement Iceland * Highlands of Iceland, cover most of the interior of Iceland Africa * Ethiopian Highlands ...
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Australian Stock Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, The Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance amo ...
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Xstrata
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. It was a major producer of coal (and the world's largest exporter of thermal coal), copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. It had operations in 19 countries across Africa, Asia, Australasia, Europe, North America and South America. Xstrata had a primary listing on the London Stock Exchange and was a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £29 billion as of 23 December 2011, making it the 16th-largest company on the London Stock Exchange. It had a secondary listing on the SIX Swiss Exchange. In the 2013 Forbes Global 2000, Xstrata was ranked as the 202nd largest public company in the world. On 2 May 2013 Xstrata was acquired by Glencore. Glencore later retired the Xstrata brand, and the company name changed from Glencore Xstrata p ...
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Frieda River Airport
Frieda River Airport is an airfield serving the Frieda River area in Papua New Guinea. It is located near the border between the provinces of West Sepik (Sandaun) and East Sepik. The area has a gold and copper mine known as the Frieda River Project. The airfield is located northwest of Port Moresby, the capital and largest city of Papua New Guinea. Facilities The airfield resides at an elevation of above mean sea level. It has one runway According to the International Civil Aviation Organization (ICAO), a runway is a "defined rectangular area on a land aerodrome prepared for the landing and takeoff of aircraft". Runways may be a man-made surface (often asphalt concrete, as ... designated 03/21 which is long. References Airports in Papua New Guinea Sandaun Province East Sepik Province {{PapuaNewGuinea-airport-stub ...
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East Sepik Province
East Sepik is a province in Papua New Guinea. Its capital is Wewak. East Sepik has an estimated population of 433,481 people (2010 census) and is 43,426 km square in size. History Cherubim Dambui was appointed as East Sepik's first premier by Prime Minister Michael Somare upon the creation of the provincial government in 1976. Dambui remained interim premier until 1979, when he became East Sepik's permanent premier with a full term. He remained in office until 1983. Geography Wewak, the provincial capital, is located on the coast of East Sepik. There are a scattering of islands off shore, and coastal ranges dominate the landscape just inland of the coast. The remainder of the province's geography is dominated by the Sepik River, which is one of the largest rivers in the world in terms of water flow and is known for flooding—the river's level can alter by as much as five metres in the course of the year as it rises and falls. The southern areas of the province are taken up ...
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Hydroelectricity
Hydroelectricity, or hydroelectric power, is Electricity generation, electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other Renewable energy, renewable sources combined and also more than nuclear power. Hydropower can provide large amounts of Low-carbon power, low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has a dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel-powered energy plants.
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