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Jul 16, 2020· UPDATE 2-Barrick sees 15% drop in quarterly gold output on COVID-19 hit, dispute ... the government of Papua New Guinea refused to extend an expired lease for Porgera gold mine.
Apr 24, 2020· Porgera produced about 421,500 ounces of gold in 2018 and in January Barrick was mulling elevating it to "tier one" status, which it reserves for mines capable of producing half a million ...
Jun 01, 2020· Papua New Guinea's government is coming under intense pressure to renegotiate the Special Mining Lease for the Porgera gold mine, which it refused to extend in April. Multiple industry bodies have urged the government to urgently negotiate with the mine's joint venture operators, Barrick Gold and Zijin Mining, pointing to extreme economic stress.
Updates Of Porgera Gold Mining. FOB Reference Price: Get Latest Price. 2020-6-1Among other things, Barrick has formed an alliance with Japan Gold, holder of the largest exploration property portfolio in Japan. Since the end of the quarter, the government of Papua New Guinea has announced that it will not renew Barrick Niugini Ltds 20-year ...
The Porgera Gold Mine is operated by a joint venture between Canadian company Barrick and Chinese miners ZiJin who each own a 47.5 per cent stake. A remaining five per cent is held by a regional ...
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
Aug 10, 2020· Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in ...
An Australian gold miner has made good on a threat to initiate bilateral investment treaty-based arbitration against Papua New Guinea after the southwestern Pacific country canceled the company's ...
Stakeholders, contractors and employees of Porgera gold mine in Enga Province can be rest assured as the mine will continue its operations after August 16. The current special mining lease (SML) for Porgera will expire on August 16, causing much anxiety amongst stakeholders, investors, landowners and the State, especially Treasury.
2 days ago· Canada's Barrick Gold on Friday said it would challenge an apparent move by the Papua New Guinea government to grant a 20-year lease for the Porgera gold mine .
Barrick had expected its share of Porgera's output to be 240,000-270,000 ounces of gold this year but has since withdrawn guidance. 88 Energy (ASX:88E) Prepares for Billion Barrel Farm Out SPONSORED
Barrick and Zijin Mining each own 47.5% of Porgera, with the remaining 5% interest held by Mineral Resources Enga, a vehicle owned equally by the Porgera SML landowners and the Enga provincial ...
Apr 24, 2020· A view of tailings at Barrick Gold Corp.'s Porgera mine, in Papua New Guinea on Dec. 4, 2017. Catherine Coumans/MiningWatch Canada. ... Unchecking box will stop auto data updates.
Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] is vowing to challenge the purported grant of a special mining lease for the Porgera gold mine in Papua New Guinea to a government-owned company. The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 km northwest of Port Moresby.
May 08, 2020· 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 .
May 29, 2020· Barrick Gold Corp has offered an extra 15% stake in its Porgera gold mine in Papua New Guinea to local landowners, according to a letter from .
Papua New Guinea has swooped in to take control of Barrick Niguini's Porgera gold mine after refusing to extend its special mining lease with the company. RSS Facebook Twitter Google Follow Become ...
May 11, 2020· Porgera is one of Papua New Guinea's longest running goldmines. Operating for 30 years in the highlands province of Enga, this large mine was expected to produce around 250,000 ounces of gold in ...
Barrick (Niugini), the operator of the Porgera Gold Mine in PNG, will challenge the government's purported grant of the Porgera SML to Kumul Minerals.
LCCI's concern over Porgera shut-down THE Lae Chamber of Commerce and Industry has added its voice to those disappointed by the government's denial of the renewal of a special mining licence for the Porgera gold mine's joint venture partners, Barrick Gold and Zijin Mining.
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Jul 17, 2020· 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 .
Apr 24, 2020· The gold mine, located in PNG's northern highlands region, is a joint venture between Barrick and Zijin Mining. Each own 47.5% of the mine, with .
Jan 06, 2020· BY MELISHA YAFOI. Application for a Special Mining Lease for the Porgera gold mine is still in progress. Mineral Resources Authority managing director Jerry Garry told the Post-Courier that the state is progressing the determination of the application which expired on August 16, 2019.
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