Updates Of Porgera Gold Mining

Jun 04, 2021 - Barrick reported today that the process of re-opening of 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 James Marape and the various

Exports of gold and silver averaged 12 per cent of total exports for the 1991-2019 period and 7 per cent in 2019. Methodology The economy-wide contribution of the Porgera gold mine can be best measured as the direct contribution to gross national income (GNI) plus community infrastructure and other

Jun 02, 2021 Reopening Porgera mine critical. June 2, 2021 The National Editorial. THE re-opening of Porgera gold mine in Enga later in the year is undoubtedly an eagerly awaited event that many individuals and businesses are looking forward to. Porgera holds promise for improved revenues in an economy that has been under pressure for close to two years now

Jun 06, 2021 At Porgera last weekend we finally realised that there is nothing in this new deal for which PNG has closed an operating mine and forgone billions in revenue and benefits. “In the end, the same miner remains on terms that are far superior than previously where it can now keep almost all the revenue from the mine for the next ten years

MRA updates on Porgera mine lease application. January 7, 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

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

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. Barrick claims the decision is a

The latest mining news about the Papua New Guinea mining industry, from exploration to mining and all associated industries. ... Porgera, Wafi-Golpu to be added Mining 15 JUL 2021. ... Newcrest's Lihir gold mine continues to support PNG. SPONSORED newcrest mining limited. Social and economic health priorities for Oil Search

Jul 17, 2020 The Porgera Joint Venture is owned by Barrick and China’s Zijin Mining Group, each with 47.5%, with the remainder owned by local landowners and the Enga provincial government

May 12, 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

UPDATE: Massive protests in Porgera force Barrick to respond to MOA dispute. On October 28, 2014, hundreds of Porgerans marched onto Barrick Gold s Porgera mine site to demand benefits that rightfully belong to the Porgera Special Mining Lease (SML) Landowners

Apr 12, 2021 The Porgera mine in Enga Province. Credit: Zijing Mining. The deal, signed at the end of last week by PNG’s Governor-General Sir Bob Dadae and Barrick Gold Corporation’s President and Chief Executive Mark Bristow, is preliminary. It cedes majority ownership of the mine to ‘PNG stakeholders’ while securing Barrick’s status as the mine

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

Jun 04, 2021 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 Barrick President and Chief Executive Mark Bristow, Prime Minister James Marape and the