• "Mineral Resources Potential and Mining in the Pacific Islands Region: Lessons Learned"

    Porgera Gold Mine 1990 Open pit/ Underground 845,000oz Au Riverine Ok Tedi Mining Ltd 1984 Open pit 180,000t Cu 500,000oz Au Riverine Lihir Gold Mine 1997 Open pit 770,000oz Au DSTP Bougainville Copper Mine 1972 – 1989 Open pit 165,000t Cu 31

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  • Porgera: Barrick welcomes ruling

     · Porgera: Barrick welcomes ruling. BARRICK Gold has welcomed a court ruling ordering the government to negotiate over a lease extension for the Porgera gold mine in Enga Province. This follow''s Prime Minister James Marape ruling that the country would not grant the mine a 20-year special mining lease operating extension due to environmental ...

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  • BARRICK GOLD: PNG CONFIRMS PLAN TO TAKE CONTROL AT …

     · PNG Prime Minister James Marape has confirmed the government plans to take control of the Porgera gold mine from joint owners Barrick Gold and Zijin Mining Group after refusing to extend the Western Highlands project''s special mining lease.Marape said the ...

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  • UPDATE 2-Barrick Gold nears agreement to reopen Papua New Guinea mine …

    Papua New Guinean government to take control of Barrick''s ...

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  • PNG Plans to Reopen Barrick Gold''s Porgera Gold Mine

     · The Special Mining Lease (SML) for the mine had expired in 2019. SEATTLE (Scrap Monster): James Marape, Prime Minister, Papua New Guinea (PNG) announced that the country plans to reopen the disputed Porgera gold mine operated by Barrick Nuigini Limited (BNL).

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  • Barrick Gold challenges ''nationalization'' of Porgera mine, PNG …

    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 …

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  • Barrick optimistic of Porgera restart

     · Barrick has excluded Porgera for the time being from its 2021 production guidance of 4.4-4.7 million ounces of gold. The Canada-based miner''s share of Porgera''s production in 2019 was 284,000 ounces of gold, at all-in sustaining costs of US$1,003/oz. Porgera is owned 47.5% by both Barrick and Zijin, with the remaining 5% held by the Enga ...

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  • Mining Technology | Mining News and Views Updated Daily

     · Papua New Guinea''s government will take control of the Porgera gold mine after refusing to extend Barrick Niugini''s special mining lease (SML) over the facility. Papua New Guinea Prime Minister James Marape refused the extension citing environmental concerns, reported Reuters. The Porgera gold mine is located in Enga Province, about 600km ...

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  • Porgera Gold Mine

    The Porgera Gold Mine is a large gold and silver mining operation in Enga province, Papua New Guinea (PNG), located at the head of the Porgera Valley. The mine is situated in the rain forest covered highlands at an altitude of 2,200 to 2,700 m, in a region of high rainfall, landslides, and frequent earthquakes. ...

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  • Barrick Gold Corp.: Court Decision Allows Continued Mining At Porgera

    Porgera is operated by Barrick Niugini Limited, a joint venture between Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) and Zijin Mining Company. Barrick president and chief executive Mark Bristow and Zijin executive director and senior vice-president George Fang are currently in Papua New Guinea to discuss the proposed extension with the government and the Porgera Special …

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  • Gold''s Costly Dividend RIGHTS

    2 Gold''s CosTlY dividend since the Porgera mine opened in 1990, it has produced over 16 million ounces of gold. at today''s prices, that would be …

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  • Placer Dome Gold Mine

    The Porgera gold mine is located in Enga Province, about 600km north west of Port Moresby. The mine is operated by a joint venture between Placer Dome (75%), Orogen Minerals Ltd (20%) and Mineral Resources Porgera Pty. Ltd (5%), the latter two representing

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  • Barrick cuts 2020 guidance, faces $191m bill in PNG

     · Dispute with PNG over Porgera mine has done what a pandemic did not — dent the gold miner''s expected output for the year. Barrick cuts 2020 guidance, faces $191m bill in PNG - …

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  • Uncovering Impacts of Gold Mining in Papua New Guinea

     · 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 ...

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  • Mine contributes to economy – The National

     · Porgera gold mine is the world''s top gold mine that generates about K100 billion annually, where only K1.1 billion (5%) is received annaually by the State while 95% go to investors. The learned Papua New Guineans reporting to us on this Porgera issue do not seem patriotic, and seem to inform us half truths.

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  • Porgera Joint Venture (PJV) gold mine, Papua New Guinea | …

    The Porgera Joint Venture (PJV) mine, located in Enga province, is the second largest mine in Papua New Guinea and among the ten most productive gold mines worldwide [1]. But the sector brings not only benefits – it comes with massive social and environmental costs as the depressing development of the Porgera Gold Mine has shown [2;3;4].

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  • Vele clarifies PNG''s Porgera Gold Mine Commencement Agreement

     · It is acknowledged that the history of Porgera Gold Mine has been a mixed picture, with responsibility shared by all stakeholders. However, Secretary Vele emphasised that with the PNG entities collectively holding 51% of the shares they will have strong oversight powers through board representation and greater visibility on performance than over the last 30 years.

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  • PNG landowners battle against one of the world''s biggest gold miners

     · 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 ...

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  • Barrick Gold Corporation

     · Porgera Moves Closer to Restart. Porgera, Papua New Guinea – The process of re-opening the Porgera gold mine under the terms of the binding framework agreement between the government and operator Barrick Niugini Limited (BNL) took a major step forward with a discussion between Barrick President and Chief Executive Mark Bristow, Prime Minister ...

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  • UPDATE 1-Barrick Gold sends dispute notice to Papua New Guinea over Porgera mine …

    Canadian miner Barrick Gold Corp said on Friday it served a dispute notice to the Papua New Guinea (PNG) government over the country''s refusal to extend a mining lease in the Porgera valley. (Adds background, Zijin Mining statement) July 10 (Reuters) - Canadian ...

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  • Loss of Zijin Mining''s Papua New Guinea Mine Credit Negative, but Ratings Intact

     · Loss of Zijin Mining''s Papua New Guinea Mine Credit Negative, but Ratings Intact. Fitch Ratings-Hong Kong/Shanghai-06 May 2020: The potential loss of Zijin Mining Group Co., Ltd''s (BBB-/Stable) mining lease on its Porgera Gold Mine in Papua New Guinea will cut its total gold production and weaken its EBITDA generation and de-leveraging capacity.

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  • PorgeraJV

    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 ...

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  • BARRICK GOLD: PNG CONFIRMS PLAN TO TAKE CONTROL AT PORGERA

     · PNG Prime Minister James Marape has confirmed the government plans to take control of the Porgera gold mine from joint owners Barrick Gold and Zijin Mining Group after refusing to extend the Western Highlands project''s special mining lease.Marape said the ...

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  • Barrick (Niugini) Limited Updates on Porgera Negotiations with …

     · PORT MORESBY, PAPUA NEW GUINEA (PNG) – SATURDAY 17 OCTOBER, 2020: Barrick (Niugini) Limited ("BNL"), the majority owner and operator of the Porgera gold mine in Papua New Guinea, offers the following update and clarification on the status of negotiations between BNL and the PNG Government to reach agreement on a mutually …

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  • Barrick unable to confirm Porgera restart

     · Barrick Gold chief executive officer Mark Bristow has shown urgency to restart the Porgera gold mine in Papua New Guinea (PNG) ahead of a meeting with the country''s Prime Minister. The meeting ...

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  • PNG Mining Resource Update September 2013

    Porgera Gold Mine The Porgera Gold Mine is operated by the Porgera Joint Venture (PJV). Barrick Gold 95% Mineral Resource Enga 5% Second largest mine in PNG, top ten producing gold mine in the world and employees 2,5000 and has.

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  • "Marape to Present Framework Agreement to Porgera Mine Landowners…

     · Aerial view of the Porgera gold mine. (Image courtesy of Zijin Mining.) The Prime Minister, Hon. James Marape, MP will formally handover the Framework Agreement for the reopening of the Porgera Mine in Enga Province to the affected landowners. PM Marape announced this today following reports that the affected landowners in the province have …

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  • Bristow seeks ''best efforts'' to restart Porgera this year or early …

     · The Canada-based miner''s share of Porgera''s production in 2019 was 284,000 ounces of gold, at all-in sustaining costs of $1,003/oz. Meanwhile, Harmony Gold Mining and Newcrest Mining continue ...

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  • The Porgera mine in PNG: some background

     · The Porgera mine in PNG: some background. Breaking late on 24 April 2020, Papua New Guinea Prime Minister James Marape announced that his government would not renew Barrick Niugini Limited ''s (BNL) mining lease at the Porgera gold mine. At present BNL is a joint venture between Barrick Gold (47.5%), Zijin Mining (47.5%), the Enga Provincial ...

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  • Mining News

    Mining News. Barrick Gold Corp.: Porgera Moves Closer to Restart. PORGERA, Papua New Guinea, June 04, 2021 (GLOBE NEWSWIRE) -- The process of re-opening the Porgera gold mine under the terms of the binding framework agreement between the government and operator Barrick Niugini Limited (BNL) took a major step forward with a discussion between ...

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  • Bristow, Marape to discuss fast-tracking Porgera restart

     · Porgera is an open pit and underground gold mine in the Enga province of Papua New Guinea, about 600 km (370 miles) northwest of Port Moresby. ( …

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  • Porgera Mine Set to Restart as PNG and Barrick Niugini

     · 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 kilometres north-west of Port ...

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  • Barrick cuts 2020 guidance, faces $191m bill in PNG

     · Dispute with PNG over Porgera mine has done what a pandemic did not — dent the gold miner''s expected output for the year. Barrick cuts 2020 guidance, faces $191m bill in PNG - MINING

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  • Dispute affects investors: Bank – The National

     · Dispute affects investors: Bank. September 30, 2020 The National Business. THE World Bank says ongoing dispute on the Porgera gold mine in Enga may affect investor confidence. In its East Asia and Pacific Economic Update released yesterday, the bank said the Covid-19 was one of the issues which could have lasting impacts on the country''s economy.

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