The Porgera gold mine in Papua New Guinea’s Enga Province will officially restart on 22 December, according to the Managing Director of Kumul Minerals Holdings, Sarimu Kanu, who is also Chairman of New Porgera Limited, the new operator of the mine.
Final steps towards the reopening of Porgera gold mine now under way
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19 Jul 2023 by 1 Comment
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
People moves: Barrick (Niugini) Limited, POMCCI, PNG Chamber of Mines & Petroleum
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5 Oct 2022 by Leave a Comment
Barrick announces Country Manager for Papua New Guinea Operations, POMCCI welcomes new Chief Executive Officer and PNG Chamber of Mines & Petroleum appoints COO.
How to do business with Papua New Guinea’s major mines
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18 May 2022 by Leave a Comment
What opportunities are there to supply Papua New Guinea’s major mines and what do potential suppliers need to know before attempting to do business in the country’s mining sector? We asked procurement professionals at two of the country’s major mines, Ok Tedi and Porgera, during an online briefing this week.
In brief: Telstra gets green light from NICTA to acquire Digicel Papua New Guinea
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19 Apr 2022 by Leave a Comment
NICTA clears path for the acquisition of Digicel PNG by Australian telco giant Telstra, Barrick and Papua New Guinea sign new Porgera shareholders’ agreement, and SP Brewery celebrates 70 years in Papua New Guinea. Your round-up of recent business news.
Papua New Guinea government and Barrick sign ‘commencement agreement’ for restart of Porgera mine
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18 Oct 2021 by Leave a Comment
A ‘commencement agreement’ has been hailed by Papua New Guinea’s government and Barrick Niugini as a ‘crucial step’ in the process of reopening the country’s largest gold mine. Business Advantage PNG considers what still needs to happen for the mine to return to productivity.
In brief: Ok Tedi Mining commences COVID-19 vaccination program and other business stories
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2 Jun 2021 by Leave a Comment
Ok Tedi Mining rolls out its vaccination program, landowners call for the government to move forward Wafi-Golpu and Fishing Industry Association proposes discounts on fishing days. The business news in brief.
Barrick Gold and Papua New Guinea Government strike new deal over Porgera
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12 Apr 2021 by 2 Comments
The Porgera gold mine in Enga Prince looks set to reopen later this year after the Papua New Guinea Government and mine operator Barrick Gold reached a ‘binding framework agreement’ to share future benefits from the mine and boost local ownership.
Metal mayhem: Barrick set to re-open Porgera; Chairman quits Kumul Minerals
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19 Oct 2020 by 1 Comment
In a surprise development, the Porgera gold mine looks set to re-open, ending a period of intense disagreement between Papua New Guinea’s government and Barrick Niugini, the mine’s operator.
In brief: Business Council reminds Papua New Guinea government to pay K2.8 billion debt and other business stories
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12 Oct 2020 by Leave a Comment
Business Council reminds government of its K2.8 billion debt, Newcrest to be listed on Canada’s stock exchange and Papua New Guineans open up about the Zhenhua data breach. The business news you need to kickstart your week
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