Oil Search to undergo a strategic review, Newcrest remains positive about Wafi-Golpu and public consultation on internet pricing. The news you need to kickstart your week.
Papua New Guinea government and Barrick Gold outline competing visions for Porgera
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20 Jul 2020 by 9 Comments
Prime Minister James Marape and Barrick Gold have offered two competing visions for the reopening of the Porgera gold mine. With the mine closed and court cases ongoing, the latter is highlighting the impact on business and the community.
Barrick initiates international proceedings over Porgera
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13 Jul 2020 by 2 Comments
In its latest step to maintain its position as operator of the Porgera gold mine, Barrick (Niugini) is taking its dispute with Papua New Guinea to the International Centre for Settlement of Investment Disputes.
Court challenge: Marape forced to rethink Porgera decision by courts
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4 May 2020 by 12 Comments
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.
Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners
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29 Apr 2020 by 7 Comments
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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27 Apr 2020 by 7 Comments
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: Ramu Nico Mine opens after temporary closure and other business news
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4 Nov 2019 by Leave a Comment
Ramu Nico Mine resumes operations, Chile’s president cancels the 2019 APEC Leader’s Week, and Bank South Pacific releases its third quarter results. Your weekly digest of business news.
The huge risks and rewards of Papua New Guinea’s Porgera gold mine
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13 Mar 2019 by 1 Comment
The Porgera gold mine in Papua New Guinea’s Enga Province is a world class gold mine but, as Executive Director for Barrick (Niugini) Ila Temu explains, it is also one of the world’s most difficult mines to operate.
In brief: LNG production resumes earlier than expected, and other business stories
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18 Apr 2018 by Leave a Comment
Production resumes at the LNG plant as more reserves found, BHP Billiton to be sued over alleged environmental damage, and talks with China over a free trade agreement. Your weekly digest of the latest business news.
Barrick Niugini’s investment fund gives landowners superior returns, claims Manager Chris Trainor
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31 Jan 2017 by Leave a Comment
Barrick Niugini’s Mining and Petroleum Industry Investment Fund provides relocated landowners with a superior financial outcome, according to Chris Trainor, Manager of Commercial Services. He believes it is a model for other Papua New Guinea mining companies to follow.
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