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Australia, Malaysia, Mining, Papua New Guinea

Siburan and RH Resources sign joint venture for PNG exploration, mining

Siburan Resources has signed a joint venture agreement with Malaysia-registered RH Resources to acquire mineral exploration and mining projects in Papua New Guinea.

Mining Weekly reports that the agreement provides for Siburan to hold a 30% share of the joint venture, with RH holding the balance.

“We are very excited to be working with RH Resources as we intend to be a significant mineral exploration player in PNG. PNG is a world-class resource area, rich in precious and base metals such as gold, copper and nickel,” says Siburan MD Noel Ong.

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About Samantha Magick

Journalist and editor

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