The Panguna mine was operated by BCL, majority-owned by Rio Tinto, for 17 years from 1972 until 1989, when operations were suspended due to an uprising.

Although Samarco, a joint venture between BHP and Vale, operated the dam, the class action involving around 200,000 people does not name Vale.

The new resource estimation is in addition to Séguéla’s current mineral reserves of 12.1 milllion tonnes averaging 2.80 g/t gold containing 1.09 million ounces.

Activity has recently increased at Glencore’s El Pachon copper deposit.

The mining giant is in advanced talks to acquire Citigroup's Mexican retail bank, Bloomberg News reported.

PNG wants progress on undeveloped projects as it sees opportunities to boost resource sales to Asia.

Second tunnel completed 27 years after work was halted on the project by the NDP government.

Production from state-owned giant Codelco fell 5.8% on a yearly basis to 135,800 tonnes.