Porgera Gold Mine
Porgera Gold Mine
Porgera Gold Mine

The Porgera Gold Mine ranks among the world’s ten largest gold mines and is the second-largest gold project in Papua New Guinea.

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Porgera Gold Mine
  • Location
    Enga province, Papua New Guinea
  • Ownership
    24.5%
  • Project status
    In production
  • Deposit Type
    Epithermal gold deposit
  • Mineral Resources (Inclusive of Mineral Reserves)
    Contained gold: 554tonnes, Grade: 2.62g/t
  • Mining & Processing methods
    Open-pit mining + underground mining
  • 2024 Production(100% basis)
    Gold: 5.85tonnes
  • Debottlenecking and Expansion

    Production at Porgera resumed in December 2023. Under BNL’s updated plan, the operation is projected to achieve an average annual gold output of 21 tonnes. In 2024, Zijin Mining’s attributable gold production was approximately 1.43 tonnes.

  • 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 now 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, fees and dividends to the landowners and the provincial government in accordance with the law and signs contracts with companies based in the country. Additionally, the project supports local schools, medical facilities, water and electricity infrastructure, roads, and other community projects.