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Barrick CEO hopes Papua New Guinea gold mine will restart this year
via Yahoo News, Sunnyvale, California
Friday, June 4, 2021
TORONTO -- Barrick Gold Corp. Chief Executive Mark Bristow said today he hoped the Porgera gold mine in Papua New Guinea could restart this year, after holding talks with PNG Prime Minister James Marape and local landowner groups.
Under an agreement reached in April, the PNG government took a 51% share in the mine, ending a year-long standoff with operator Barrick Niugini Ltd. (BNL), whose lease Marape had refused to renew.
BNL, jointly owned by Barrick and China's Zijin Mining , holds 49% and remains the operator under the new deal. ...
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