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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Barrick aims for Porgera restart later this year
Mining News Pro - Barrick has pledged to prioritise local employment as part of its plan to restart the Porgera gold mine in Papua New Guinea (PNG).
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Porgera gold mine set for restart
Mining News Pro - The Papua New Guinea (PNG) Government and Barrick Gold have formed a new partnership that will lead to the reopening of the Porgera gold mine later this year.
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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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Agreement on Porgera reopening imminent
Mining News Pro - Global bullion major Barrick is hopeful that Porgera mine – which has been shut for about a year now – will reopen soon.
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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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Battle over Porgera ends with Barrick stake deal
Mining News Pro - Papua New Guinea’s push for greater sway over its own mineral wealth scored a win, with Barrick Gold agreeing to a deal that will see the South Pacific nation get a big stake in a key gold mine.
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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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Barrick cuts power to Porgera communities
Mining News Pro - Canadian gold major Barrick will reduce power to the communities around Porgera, which currently receive free electricity from the mine, citing necessary cost reductions as the mine has been placed on care and maintenance amid a dispute with the Papua New Guinea government.
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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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Barrick cancels Porgera guidance following mine lease block
Mining News Pro - Barrick Gold has withdrawn its 2020 guidance from the Porgera gold mine in Papua New Guinea following the government’s decision not to renew the Canadian company’s 20-year special mining lease.
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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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Zijin warns Papua New Guinea of anger over end of Porgera
Mining News Pro - China’s Zijin Mining has warned Papua New Guinea that its failure to renew the lease of a gold mine it jointly owns with Barrick Gold Corp there could damage bilateral relations.
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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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Papua New Guinea forces Barrick out of Porgera
Mining News Pro - Papua New Guinea has swooped in to take control of Barrick Gold’s Porgera gold mine after refusing to extend a special mining lease with the Canadian company.
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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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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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