Frieda River Limited is a Papua New Guinea incorporated company and is the Project proponent.
Frieda River Limited has been operating in Papua New Guinea since 2015 and is a wholly-owned subsidiary of Australian headquartered company, PanAust Limited.
PanAust Limited, Frieda River Limited’s parent company has been operating Frieda River Limited since 2014 following acquiring the company from Xstrata Frieda River Limited.
In 2015, the name change from Xstrata Frieda River Limited to Frieda River Limited took effect.
The Frieda River Project represents a nation-building opportunity for Papua New Guinea and a transformative development opportunity for the East and West Sepik provinces. The project is in the pre-development, permitting phase. Development of the project will not commence until after all required permits, agreements and authorisations are obtained.
The Project will help build stronger and more viable communities by establishing critical public infrastructure, generating skilled employment, and creating business opportunities for local people.
The Frieda River Project will help meet global demand for copper and other precious metals in a socially responsible way, ensuring respectful and ongoing dialogue with stakeholders, and recognising and supporting traditional rights, values and cultural heritage.
The Frieda River Project is a large, integrated mining, renewable energy and infrastructure project.
Frieda River
Copper-Gold Project
Sepik
Infrastructure Project
Frieda River
Hydroelectric Project
Sepik
Power Grid Project
The proposed Frieda River Copper-Gold Project is a globally significant development that will comprise the largest integrated mine and renewable, hydro-powered electricity generation facility in Papua New Guinea.
The project will include the following features:
The Frieda River Copper-Gold Project has a lifespan of 33-years with high potential for subsequent mine life extension.
The proposed hydro dam will safely store the waste rock and tailings, and have a maximum volume of 9.6 billion cubic metres (Bm3). The proposed mine will only utilise 3.3 Bm3 of this capacity.
We operate sustainably for our communities. PanAust’s Sustainability Policy and related policies, standards and procedures underpin our commitment to the sustainable, and environmentally and socially responsible, development of the Frieda River Project.
In 2015, the development pathway for the Frieda River Project was announced and in 2016 a Special Mining Lease application for the Project was registered with the Mineral Resources Authority of Papua New Guinea.
In 2018, Frieda River Limited submitted an addendum to the 2016 Special Mining Lease application following feedback from the East and West Sepik Provincial Governments and communities and aligned with the Government of Papua New Guinea’s development vision.
Since then, Frieda River Limited has pursued the Frieda River Project in full compliance with the required project approvals and stakeholder engagement legislative processes in Papua New Guinea, as well as its policies, standards and procedures.
Frieda River Limited operates under the laws of Papua New Guinea, paying Government levies and taxes as applicable for the current pre-development stage of the Project.
Frieda River Limited is a part of the Australian headquartered PanAust Group, an international copper and gold producer.
