Porgera Gold Mine
Porgera Gold Mine
Porgera Gold Mine

The Porgera Gold Mine is one of the top ten gold mines globally and the second-largest gold project in Papua New Guinea.

Visit project website
Porgera Gold Mine
  • Location
    Enga province, Papua New Guinea
  • Ownership
    24.5%
  • Project status
    In production
  • Deposit Type
    Epithermal vein-type gold deposit
  • Mineral Resources (Inclusive of Mineral Reserves)
    Contained gold: 418 tonnes, Grade: 3.6 g/t
  • Mining & Processing methods
    Open-pit mining + underground mining
  • Debottlenecking and Expansion

    According to BNL’s latest plan, the mine has a remaining lifespan of more than 20 years. Once production fully resumes and reaches nameplate capacity, the mine is expected to produce an average of 21 tonnes of gold annually, with approximately 5 tonnes attributable to Zijin Mining.

  • M&A

    In 2015, Zijin Mining acquired a 50% interest and 50% debt in Barrick (Niugini) Limited(BNL), securing a 50% stake in the Porgera Gold Mine. In April 2020, the mine was put on care and maintenance due to the expiration of its mining license. After negotiations, in October 2023, the project received a special mining lease from the Papua New Guinea government. It resumed production on December 22, 2023. Zijin Mining indirectly holds a 24.5% interest in the mine.

ESG

Since its commissioning in 1990, the project has contributed around 10% of Papua New Guinea’s annual exports. Committed to growing together with its host communities and other stakeholders, it pays taxes and royalties to the landowners and the provincial government in accordance with the law, and signs contracts with local companies. Additionally, the project supports local schools, medical facilities, and various public projects, such as water and electricity infrastructure, and roads.