In brief: Barrick removes Porgera mine’s production from guidance and other business stories

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Porgera mine output is removed from Barrick’s full year guidance, Westpac announces new division for Westpac Pacific and Australia and New Zealand agree on a ‘trans-Tasman COVID-safe’ travel zone. The business news you need to kick-start your week.

Court challenge: Marape forced to rethink Porgera decision by courts

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The decision by the Marape-Steven government not to extend the Special Mining Lease on the Porgera gold mine is headed for the courts after the National Court of Justice at Waigani ordered both parties to have discussions to resolve the matter.

In brief: Oil Search still keen on P’nyang gas project and other business stories

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S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.

Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners

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Prime Minister James Marape moves to allays concerns among Papua New Guinea’s mining companies following the decision not to renew the special mining lease for the Porgera gold mine. Meanwhile, the mine’s temporary closure is already affecting local business.

‘Nationalisation without due process’? Barrick Gold to take on Papua New Guinea government over Porgera decision

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The Papua New Guinea Government has announced that it will not renew the existing Special Mining Lease at the Porgera gold mine, which is operated by Barrick Gold. Barrick is set to challenge the decision.

In brief: lease extension for Papua New Guinea’s Porgera mine refused and other business stories

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Papua New Guinea to take over Porgera Mine, Mining Minister is looking to restart Wafi-Golpu discussions and Shadow Treasurer urges the introduction of a supplementary budget. The business news you need to kickstart you week.

In brief: Porgera Landowners Association presents a petition to renew mining lease and other business stories

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The future could look bright for Porgera gold mine, Western Province announces its position on P’nyang, and Papua New Guinea’s Treasurer says non-resource growth for 2020 is projected at 3.3 per cent. The business news you need to kick-start your week.

People moves: Barrick Gold Corporation, National Department of Health, Petroleum Resources Gobe, Trade and Investment Queensland, Papua New Guinea Athletes Commission

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Barrick Gold Corporation welcomes an Independent Director, the National Department of Health appoints an Acting Executive Manager, Petroleum Resources Gobe names a new head, Trade and Investment Queensland announces CEO, and Papua New Guinea Athletes Commission elects new Chairperso

In brief: Porgera mine to continue operations and other business stories

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Operations at Porgera mine will continue while the application for the Special Mining Lease is revised, concerns about the delay in the approval of the Ramu 2 project, and Wafi-Golpu still before court. Your weekly digest of business news.

In Brief: US$13 million airport project announced in Mendi and other business stories

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Papua New Guinea’s Prime Minister has announced a US$13 million airport in Mendi and Moody’s has changed the country’s issuer ratings from negative to stable. Your weekly digest of the latest business news.