Simberi mine
| Location | |
|---|---|
| New Ireland Province | |
| Country | Papua New Guinea |
| Production | |
| Products | Gold |
| History | |
| Opened | 2008[1] |
| Owner | |
| Company | St Barbara Limited |
| Website | Our Simberi Operations |
The Simberi mine is one of the largest gold mines in Papua New Guinea. The mine is located in the north of the country on Simberi Island, New Ireland Province.[2] The mine, owned by St Barbara Limited, has estimated reserves of 3.3 million oz of gold.[2]
In December 2025, it was announced that China’s Lingbao Gold Group had agreed to acquire a 50% interest in St Barbara Limited's wholly owned subsidiary, St Barbara Mining Limited (SBML), for A$370 million (US$245.57 million) in cash. Upon completion, SBML will continue to hold an 80% interest in the Simberi gold project, with Lingbao and St Barbara each holding equal ownership of SBML. The transaction forms part of a broader restructuring that includes a proposed 20% sale of the Simberi project to Papua New Guinea's state-owned Kumul Mineral Holdings for A$100 million. The agreements remain subject to regulatory approvals in China and Papua New Guinea, as well as the extension of the Simberi mining lease and a final investment decision on the Simberi expansion project.[3]
References
- ^ "Simberi". Mineral Policy Institute. Archived from the original on 16 February 2011. Retrieved 9 September 2010.
- ^ a b "Long life and growth in gold; a recipe not to be ignore". fatprophets.com.au. 2013. Retrieved 2013-06-21.
- ^ Mishra, Shree (2025-12-10). "Lingbao to acquire 50% stake in St Barbara Mining". Mining Technology. Retrieved 2025-12-10.