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 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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Barrick ready to sign deal to reopen Porgera mine
Mining News Pro - Barrick Gold confirmed on Monday reports indicating that Papua New Guinea prime minister James Marape had announced an imminent deal to reopen the Porgera gold mine.
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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 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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Zijin cuts 2020 gold output target after Porgera mine snub
Mining News Pro - China`s Zijin Mining on Monday revised down its gold production target for 2020 after Papua New Guinea (PNG) refused to extend the mining lease at the Porgera mine it operates with Barrick Gold.
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Barrick allowed to operate Porgera mine, lease extension being considered
Mining News Pro - Barrick Gold (TSE: ABX) said on Friday the National Court of Papua New Guinea had ruled that the miner could continue to operate the Porgera gold mine, while the country’s government considers an application to extend the lease for the mine.
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