Apr 24, 2020· Papua New Guinea's government will take control of the Porgera gold mine after refusing to extend Barrick Gold Corp's lease over the facility, citing environmental concerns, Prime Minister James ...
May 06, 2020· Barrick Gold (TSX: ABX) (NYSE: GOLD) has cut its 2020 production guidance after encountering conflict last month with the government of Papua New Guinea over the Porgera gold mine.. The world's ...
The open-pit mine mine has been idle since late April when the government refused to renew the mining lease held by Canadian firm Barrick Gold. Thought to be a step towards nationalising the Porgera operation, the decision not to renew is being challenged in court. The miner has warned it will cut ...
TORONTO — Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government.
1 day ago· Barrick Gold (GOLD +1.3%) says it would be willing to talk to Papua New Guinea's government about reopening the Porgera gold mine but only .
1 day ago· * Barrick has submitted generous new plan to state MELBOURNE, July 17 (Reuters) - Barrick Gold Corp said on Friday it would be willing to talk to Papua New Guinea (PNG) about reopening the Porgera gold mine but only without preconditions, after Prime Minister James Marape urged it to withdraw court action against the state.
Jun 24, 2020· Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that .
The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 meters in the Enga Province of Papua New Guinea, about 600 kilometers north-west of Port Moresby. Barrick and Zijin Mining Group each own 47.5% of the operation, with the remaining 5% interest held by Mineral Resources Enga. News
Jun 02, 2020· The government of Papua New Guinea has announced that it will not renew Barrick Niugini Limited's 20-year Special Mining Lease for the Porgera gold mine. ... companies have mines in Papua New ...
Barrick (Niugini) Limited ("BNL"), majority owner and operator of the Porgera gold mine in the Enga province of Papua New Guinea (PNG), said today the Government's decision not to extend its Special Mining Lease was tantamount to nationalization, without due process, and in violation of the Government's legal obligations to BNL.
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.
The Porgera Gold Mine in Enga Province, Papua New Guinea, is owned by the Porgera Joint Venture (PJV). It is operated by Barrick (Niugini) Limited which owns 95 percent participating interest in PJV. The remaining 5% is owned by Mineral Resources Enga Limited.
Representative Image Image Credit: Twitter (@BarrickGold) Barrick Gold Corp said on Friday it would be willing to talk to Papua New Guinea (PNG) about reopening the Porgera gold mine but only without preconditions after Prime Minister James Marape urged it to withdraw court action against the state. Barrick Niugini Ltd (BNL) was responding to a statement from Marape on his Facebook page on ...
1 day ago· B y Sonali Paul. MELBOURNE, July 17 (Reuters) - Barrick Gold Corp ABX.TO said on Friday it would be willing to talk to Papua New Guinea (PNG) about reopening the Porgera gold mine .
Many of the communities in Porgera, Papua New Guinea, experience episodic water insecurity, poor sanitary conditions and chronic poverty. These challenges are magnified by continual in-migration of people from surrounding areas seeking economic opportunities from small-scale gold mining, and from a scarcity of arable land for farming and other ...
1 day ago· Barrick Gold Corp said on Friday it would be willing to talk to Papua New Guinea (PNG) about reopening the Porgera gold mine but only without preconditions, after .
1 day ago· MELBOURNE — Papua New Guinea Prime Minister James Marape said his government would be willing to work with Barrick Gold Corp to reopen the Porgera gold mine if the Canadian company withdraws its court action against the state. Barrick stopped production at Porgera and sued the Papua New Guinea (PNG) government after it refused to extend the ...
Jun 25, 2020· SEATTLE (Scrap Monster): Barrick Gold Corporation announced its decision to lay off as many as 2,650 mine workers at its disputed Poregera gold mine in Papua New Guinea (PNG). The layoffs will be effective end of July this year and is expected to cost more than 52 million. Barrick Niugini Ltd, which operates as a joint venture between Barrick and Chinese Zijin Mining Group Ltd. noted .
Feb 01, 2011· The Porgera gold mine—the subject of this report—is a potent symbol of both the perils and the financial rewards that extractive industries hold for Papua New Guinea. The mine .
Jul 10, 2020· A Barrick Gold logo is seen during the company's annual general meeting in Toronto on Tuesday, April 28, 2015. Owners of the Porgera gold mine in Papua New Guinea .
2 days ago· Papua New Guinea Prime Minister James Marape has flagged a push to take more control of the Porgera gold mine in response to Barrick Gold .
Apr 24, 2020· A dds comments from prime minister, background. MELBOURNE, April 24 (Reuters) - Papua New Guinea has refused an application to extend mining at Barrick Gold Corp's ABX.TO, GOLD.N Porgera gold mine ...
Jun 24, 2020· 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 .
Apr 24, 2020· Papua New Guinea is set to take control of Barrick Gold's (TSX: ABX) (NYSE: GOLD) Porgera mine after refusing to extend the company's lease on .
