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Papua New Guinea threatens to seize Barrick's Porgera gold mine
By Neil Hume
Financial Times, London
Tuesday, April 28, 2020
Papua New Guinea has raised the stakes in its dispute with Barrick Gold, threatening to take control of the Porgera gold mine if it remains closed.
Barrick and its Chinese partner Zijin Mining temporarily suspended operations at the mine in Enga Province on Sunday after the government of Prime Minister James Marape decided not to renew its special mining lease.
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The Toronto-listed company slammed the decision, describing it as "tantamount to nationalisation without due process" and said it would pursue "all legal avenues" to challenge the move. It also claimed not to have received formal notification of the decision.
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