Barrick Gold, PNG ink new deal to restart Porgera mine
Mining News Pro - The Porgera gold mine in Papa New Guinea (PNG), halted since 2020, is closer to resuming operations as the country’s government, Barrick Gold’s local subsidiary and New Porgera have inked a new deal to speed up the mine restart.
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Barrick CEO, PNG Prime Minister to meet on potential fast-track of Porgera restart
Mining News Pro - Barrick Gold chief executive Mark Bristow is set to meet with Papua New Guinea (PNG) Prime Minister James Marape this week, with the aim of speeding up the restart of the country’s Porgera gold mine.
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PNG back at the table for P'nyang
Mining News Pro - The government of Papua New Guinea (PNG) on Monday confirmed that it would restart talks with energy producer ExxonMobil over the P'nyang project.
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Barrick and PNG reach deal over Porgera mine
Mining News Pro - Canada’s Barrick Gold and Papua New Guinea (PNG) have ended a year-long standoff with an agreement that gives the country’s government a majority stake in the Porgera gold mine and outlines plans to restart operations.
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Newcrest working with Australian gov’t following travel restrictions to PNG
Mining News Pro - Newcrest Mining said that it is working closely with the Australian government following the suspension of travel exemptions which had allowed fly-in-fly-out mining and energy workers to travel to and from Papua New Guinea.
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PNG travel ban won’t interrupt Lihir production
Mining News Pro - Newcrest Mining expects the Lihir gold operation in Papua New Guinea (PNG) to face no repercussions from the Australian Government’s ban on incoming and outgoing travel between the neighbouring countries.
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Barrick denies alleged links to PNG political unrest
Mining News Pro - Barrick Gold said it will take civil and criminal action against those circulating “irresponsible and false statements” on social media, purporting to link chief executive Mark Bristow’s recent visit to Papua New Guinea to attempts to oust prime minister James Marape.
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Fortescue strikes hydropower deal with PNG
Mining News Pro - Fortescue Metals Group has signed an agreement with Kumul Consolidated Holdings to gain access to Papua New Guinea’s (PNG) hydropower resources.
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Barrick fighting PNG move to grant Porgera lease to state-backed miner
Mining News Pro - Canada’s Barrick Gold said it would challenge the Papua New Guinea (PNG) government reported move to grant a 20-year lease for the Porgera gold mine to a state-backed firm.
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Ok Tedi suspends PNG operations due to COVID-19
Mining News Pro - Ok Tedi Mining has halted operations in Tabubil, Papua New Guinea after the mining town recorded seven positive COVID-19 cases.
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Barrick JV to PNG’s Marapa: The solution sits right in front of us
Mining News Pro - The world’s second largest gold miner, Barrick, says it remains open to negotiations with Papua New Guinea to reopen the Porgera mine, but stresses that negotiations have to be in good faith and without preconditions.
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Barrick escalates dispute with PNG over Porgera mine
Mining News Pro - Canada’s Barrick Gold has served a dispute notice to the Papua New Guinea (PNG) government over the country’s refusal to renew a license for Porgera mine.
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Barrick to begin layoffs in PNG as lease dispute deepens
Mining News Pro - Barrick Gold Corp will lay off most staff at its Porgera gold mine in Papua New Guinea, the mine’s operator said on Wednesday, a signal that an impasse with the government over ownership is unlikely to be resolved swiftly.
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PNG amends mining laws to boost revenue
Mining News Pro - Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas and mine developments, which could impact talks on a stalled project planned by Exxon Mobil Corp.
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Barrick offers PNG landowners a stake to resolve Porgera mine dispute
Mining News Pro - Barrick Gold has offered an extra 15% stake in its Porgera gold mine in Papua New Guinea to local landowners, according to a letter from its CEO, in a bid to break an impasse with the national government over the mine’s future.
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PNG court to rule on Barrick challenge in June
Mining News Pro - A Papua New Guinea court is set to rule next month on whether Barrick Gold Corp can proceed with a legal challenge over the government’s refusal to extend its lease on the Porgera gold mine, the head of the country’s mining regulator said.
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Barrick faces $191-million bill in PNG
Mining News Pro - Barrick Gold has cut its 2020 production guidance after running into conflict with the government of Papua New Guinea over the Porgera gold mine last month.
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Court orders PNG to negotiate Porgera permit with Barrick
Mining News Pro - Barrick Gold welcomed on Friday a court ruling ordering the government of Papua New Guinea (PNG) to review a requested lease extension for the Porgera gold mine.
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Newcrest, Harmony to resume permitting talks for PNG project
Mining News Pro - Newcrest Mining and Harmony Gold scored a win on Tuesday after Papua New Guinea’s national court dismissed a stay order on work relating to their Wafi-Golpu gold-copper project, which allows the partners to resume permitting talks with the government.
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PNG demands 40% of output from Newcrest-Harmony’s Wafi-Golpu project
Mining News Pro - Australia’s Newcrest Mining and South Africa’s Harmony Gold are facing fresh challenges in Papua New Guinea, as the administration is asking to keep 40% of gold extracted at the companies’ Wafi-Golpu project.
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PNG puts Barrick, Zijin on notice over Porgera gold mine negotiations
Mining News Pro - Papua New Guinea plans to take a larger share of the Porgera gold mine as part of lease-renewal talks, diluting the ownership of joint venture partners Barrick Gold Corp and Zijin Mining Group, the country’s commerce minister told Reuters on Monday.
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Gold Mountain boosts its exploration efforts in PNG
Mining News Pro - ASX-listed Gold Mountain has completed the assembly and commissioning of a large-capacity mobile plant to process coarse gold and platinum bulk samples.
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Visit: 945