Porgera is scheduled for Mine closure in 2021. There are ongoing mine extension studies to increase metal reserves to increase life beyond 2021. Current reserves indications are that the mine can operate to year 2030. The MRDC manages 5% equity in that Mine, with MRE and Enga Provincial Government the benefits are split evenly. Regular reports are sent to MRDC for update information and business plans.
The Ramu Nickel & Cobalt is an important project for MRDC, which is scheduled to commence production in 2010. Although there are minor problems, the project will meet its target date for first Nickel and Cobalt production as scheduled.
2008 Annual Production Forecast
| Mine | Gold (ozs) | Nickel (tonne) | Cobalt (tonne) | Silver (ozs) | Copper (tonne) |
| Porgera | 25,000 | - | - | 4,000 | - |
| Ramu | - | 33,000 | 3,200 | - | - |
Porgera Annual Profile
New Mines Envisaged
There are other interesting large scale mines coming up that are potentially bigger than some of the existing Mines that can easily replace the big mines which are going for closure.
- Frieda Gold/Copper Mine in Sepik
- Hidden Gold Mine in Morobe
- Yandera Copper Mine in Madang
The MRDC will look into each of these projects on a project by project basis in view of current and future cash flow situation of MRDC.
