Kainantu Gold Copper System Papua New Guinea Ausimm
The Papua New Guinea government has the right to purchase 30 equity interest in any mineral discovery at Wafi Golpu, before the commencement of mining. The Wafi Golpu project is expected to start production in 2020, with annual production peaking in 2025, at 320,000 ounces (oz) of gold and 150,000t of copper.Grasberg open pit. On the subject of OK Tedi, a similar PNG based copper gold porphyry located only kilometers away, the following is worth noting . The OK Tedi Mine is the longest running open pit copper, gold, and silver mine in PNG. From the start of operations in 1984 to the end of 2018, Ok Tedi has produced 4.83 Mt of copper, 14.8 million ounces of gold, and 32.7 million ounces of silver.