The Asia Miner

OCT-DEC 2016

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Volume 13 • Issue 4 | 2016 | ASIA Miner | 27 Papua New Guinea AUSTRALIA'S third largest underground mining contractor PYBAR Mining Services says Papua New Guinea has emerged as a potential new market for the company . The company believes PNG is attractive due to its resilient gold industry and pipeline of ex- pansion projects. PYBAR business development manager David Noort said that while PYBAR main- tained its focus on Australia, it had identified a number of regions internationally where it believed there was demand for its specialist expertise, equipment and safety systems . "Currently, our strategy for international expansion is focusing on three key regions - Africa, Philippines and Papua New Guin- ea - where a number of opportunities are presenting themselves as projects move underground . "Earlier this year we were awarded our first international contract for the provision of rapid underground development and raise boring at OceanaGold's Didipio Gold-Cop- per Project in the Philippines. "We've also been exploring other oppor- tunities in the South East Asia region and PNG is particularly attractive," he said . PYBAR's services encompass mine de- velopment, production mining, cablebolting, production drilling and ITH drilling, raise bor- ing and specialist boxhole boring, shotcret- ing and plant and equipment hire . "The value we offer clients is rapid mo- bilisation and development, which enables projects to enter production sooner. This is delivered through our broad expertise, best practice safety and the extensive capability of our drill fleet. We can provide best-for- project solutions with competitive rates and service to any underground mining project," said David Noort . Founded in 1993, PYBAR's success to date is based on safe, rapid underground infrastructure development and consistent reliable production, delivering on projects from large established mining operations to greenfield developments. Headquartered in Orange, Central New South Wales, and privately owned, the PYBAR Group has established infrastruc- ture and operations in New South Wales, Queensland, Western Australia, South Aus- tralia, Victoria and Tasmania . The PYBAR Group provides a compre- hensive service offering to the mining in- dustry through a number of business units including PYBAR Mining Services as un- derground mining contractors; HMR Drilling Services (exploration drilling); and JTMEC (mining electrical) . The PYBAR RBR600-VF raise boring rig that was delivered to OceanaGold's mine in the Philippines earlier this year . PYBAR explores PNG opportunities IN August Ok Tedi Mining Limited (OTML) paid out more than K40 million to Community Mine Continuation Agreement (CMCA) com- munities under CMCA Extension Agreements . These agreements were signed in December 2012, formalising community consent for the extension of Ok Tedi mine life from 2015 to 2025 . OTML deputy chief executive officer and general manager em- ployee and external relations Musje Werror said the annual pay- ments were consistent with this agreement . The CMCA regions include North Ok Tedi, Highway (Tutuwe), Lower Ok Tedi, Middle Fly, Suki Fly Gogo, Manawete, Kiwaba and Dudi . The regions have established trusts to approve the use of funds allocated for development, investments, and women and children . He said mine villages, including Atemkit, Bultem, Finalbin, Kavor- bip, Migalsim and Wangbin, would receive 9 million kina in Sep- tember under the Mine Village Development Funds, land lease and general compensation payments . "By the end of this year over K80 million will have been paid to CMCA communities and mine villages under the various compen- sation and benefit sharing agreements between the communities, landowners and OTML . "This includes K15 million paid out in April 2016 under the Ok Tedi Restated Eight Supplementary Agreement General Compensation to the communities," said Musje Werror. OTML community relations manager Kuam Sanewai said apart from the funds going into the trusts, a large portion was allocated for cash payments to over 18,000 family accounts covering a popula- tion of 127,000 people . He explained that the cash disbursements and the development, investment, women and children funds were managed by Deloitte while Ok Tedi Development Foundation was responsible for delivery of trust approved projects and programs. OTML is a state-owned company that operates an open-pit cop- per, gold and silver mine in the Star Mountains of Western Province . The company holds a large portfolio of exploration leases in the vicinity of its Mt Fubilan mining operations and is undertaking near- mine exploration . Mine closure had originally been planned for around 2010 howev- er, after completing extensive studies and analyses which resulted in further definition of the Mt Fubilan resource, the company has a profitable future as a competitive producer of copper, gold and silver for the next decade or more . Continuation of the mine was agreed to and supported by the communities affected by the mine's operations . This was achieved through an extensive consultation and engagement process from 2009 through to 2012 . Ok Tedi contributes to communities

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