sun updates of porgera gold mining
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May 06, 2021  At about 8.45am on 3 June 2020, CIM sent an email to General Manager, Operations (GMO) of Porgera Mine who was on site and copied the Executive Managing Director of BNL to verify the allegations of shipment of gold from Porgera Mine. At about 8.47 am on 3 June 2020 CIM called GMO on Digicel mobile but there was no response after several attempts.

Barrick slashes 2020 production guidance over Porgera mine ...

Barrick Gold has reduced its 2020 production guidance following a conflict with the Papua New Guinea government regarding the Porgera mine last month, concerning the renewal of a 20-year special mining lease. This year, the miner now expects to generate gold between 4.6 and 5 million ounces (Moz), which is 200,000oz lower than its earlier estimate.

Mine shut, but Porgera 36 still qualify - PNG Report

Sep 24, 2020  Mine shut, but Porgera 36 still qualify PORGERA gold mine has awarded 36 former employees with Level Three certificates, confirming them as practising tradesmen. Some of the Cert III graduates with their certificates are flanked by Tommy Aselai, left, and fixed plant maintenance superintendent Ian Kaisom, right ...

KMHL to proceed with Porgera mine operation - Post Courier

Sep 28, 2020  The Government is set to sign an agreement with Barrick to reopen the Porgera Gold Mine in Enga Province. Barrick challenges KMHL Tenement on Pogera THE National court is expected to hand down a decision on whether Barrick (Niugini) Limited will be allowed to judicially review a decision of the Head of State, purportedly granting a Special ...

Barrick Gold challenges ‘nationalization’ of Porgera mine ...

Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] is vowing to challenge the purported grant of a special mining lease for the Porgera gold mine in Papua New Guinea to a government-owned company. The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 km northwest of Port Moresby.

Porgera: Barrick can challenge decision to end mining ...

Jun 10, 2020  The decision by PNG’s National Court allows Barrick to proceed with its legal challenge over the government’s decision. The court reportedly ruled that Barrick has ‘sufficiently pleaded its grounds’ for leave to be granted to challenge the decision not to renew the special mining lease for Porgera gold mine in Enga Province.. The Marape government announced on April 24 that it would ...

Papua New Guinea to take control of Barrick Gold mine ...

Apr 24, 2020  Papua New Guinea's government will take control of the Porgera gold mine after refusing to extend Barrick Gold Corp's lease over the facility, citing environmental concerns, Prime Minister James ...

Placer Dome Gold Mine - Porgera - Papua New Guinea ...

The Porgera gold mine is located in Enga Province, about 600km north west of Port Moresby. The mine is operated by a joint venture between Placer Dome (75%), Orogen Minerals Ltd (20%) and Mineral Resources Porgera Pty. Ltd (5%), the latter two representing the state of PNG and local landowners.

PorgeraJV - Company page - Porgera Gold Mine Papua New

The Porgera Mine in Enga Province has suspended Mine operations in order to ensure the safety and security of employees and communities. This comes after the PNG Government's announcement Friday 24 April 2020, that it refused to extend the special mining lease to applicant and current operator Barrick (Niugini) Limited ("BNL").

Barrick looking to reopen Porgera gold mine in Papua New ...

Nov 13, 2020  In July, Marape said that the government is likely to allow Barrick Gold to reopen the Porgera gold mine if the latter withdraws court case against PNG.. Last month, Marape said that the Barrick Niugini joint venture (JV) is set to remain as operator of the Porgera gold mine following talks in Port Moresby.. Jointly owned by Barrick Gold and China-based Zijin Mining, Barrick Niugini owns a

PNG Government eyes Expenditure cuts as Porgera Gold Mine ...

The shutdown of the Porgera gold mine, while Barrick Niugini pursues a legal challenge to the government’s decision not to extend its Special Mining Lease, will also impact revenue.” “This means that, by our estimates, the budget deficit will blow out to K7.1bn this year.

The Porgera mine in PNG: some background - Devpolicy Blog ...

May 07, 2020  Breaking late on 24 April 2020, Papua New Guinea Prime Minister James Marape announced that his government would not renew Barrick Niugini Limited’s (BNL) mining lease at the Porgera gold mine. At present BNL is a joint venture between Barrick Gold (47.5%), Zijin Mining (47.5%), the Enga Provincial Government (2.5%) and the Porgera landowners (2.5%).

Politics and Porgera: why Papua New Guinea cancelled the ...

May 12, 2020  Porgera is one of Papua New Guinea’s longest running goldmines. Operating for 30 years in the highlands province of Enga, this large mine was expected to produce around 250,000 ounces of gold in ...

KMHL to proceed with Porgera mine operation - Post Courier

Sep 28, 2020  The Government is set to sign an agreement with Barrick to reopen the Porgera Gold Mine in Enga Province. Barrick challenges KMHL Tenement on Pogera THE National court is expected to hand down a decision on whether Barrick (Niugini) Limited will be allowed to judicially review a decision of the Head of State, purportedly granting a Special ...

Barrick Gold challenges ‘nationalization’ of Porgera mine ...

Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] is vowing to challenge the purported grant of a special mining lease for the Porgera gold mine in Papua New Guinea to a government-owned company. The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 km northwest of Port Moresby.

In brief: Barrick removes Porgera mine's production from ...

May 11, 2020  The mine’s ownership is split 47.5 per cent by Barrick and 47.5 by Zijin Mining. The company also lowered its gold production forecast for 2020 by about 200,000 ounces. ‘The situation is Porgera is rapidly evolving, so we will provide further updates on our outlook in due course,’ said the CEO of Barrick Mark Bristow. Agribusiness

Papua New Guinea snatches Barrick Gold’s Porgera mine ...

Apr 24, 2020  The gold mine, located in PNG’s northern highlands region, is a joint venture between Barrick and Zijin Mining. Each own 47.5% of the mine, with

Row over mine - The National

Apr 27, 2020  A ROW has erupted between the Government and Barrick (Niugini) Limited, the operator of the Porgera gold mine in Enga, over the non-renewal of the special mining licence. Cabinet, acting on the advice of an independent mining advisory committee, decided to reject the application lodged in 2017 by the operator for a 20-year renewal.

Barrick says PNG’s Porgera decision is tantamount to ...

Apr 24, 2020  Global miner Barrick Gold will challenge Papua New Guinea’s decision not to extend its special mining lease (SML) for the Porgera gold mine, saying the move is tantamount to nationalisation.

Barrick cancels Porgera guidance following mine lease ...

May 08, 2020  Barrick Gold has withdrawn its 2020 guidance from the Porgera gold mine in Papua New Guinea following the government's decision not to renew the Canadian company’s 20-year special mining

PNG government to take over Porgera Gold Mine - Pacific ...

Papua New Guinea Government is taking over Barrick Nuigini owned Porgera gold mine but is giving the operator the option of negotiating “how it can remain”. The country's Prime Minister James Marape in a statement has explained why the mining lease renewal sought by Barrick Niugini Limited (BNL) had been rejected, and why a special mining ...

Pacific Battle Over Gold Mine Ends With Barrick Stake Deal

Oct 16, 2020  Porgera is a joint venture with Zijin Mining Group Co., whose Hong Kong-listed shares advanced 1.6% on Friday. Barrick shares slipped 0.3% as of 10:11 a.m. in Toronto. ‘Nationalization’

Pacific Battle Over Gold Mine Ends With Barrick Stake Deal

Oct 16, 2020  Porgera is a joint venture with Zijin Mining Group Co., whose Hong Kong-listed shares advanced 1.6% on Friday. Barrick shares slipped 0.3% as of 10:11 a.m. in Toronto. ‘Nationalization’

PNG Government eyes Expenditure cuts as Porgera Gold Mine ...

The shutdown of the Porgera gold mine, while Barrick Niugini pursues a legal challenge to the government’s decision not to extend its Special Mining Lease, will also impact revenue.” “This means that, by our estimates, the budget deficit will blow out to K7.1bn this year.

The Porgera mine in PNG: some background - Devpolicy Blog ...

May 07, 2020  Breaking late on 24 April 2020, Papua New Guinea Prime Minister James Marape announced that his government would not renew Barrick Niugini Limited’s (BNL) mining lease at the Porgera gold mine. At present BNL is a joint venture between Barrick Gold (47.5%), Zijin Mining (47.5%), the Enga Provincial Government (2.5%) and the Porgera landowners (2.5%).

PNG government to take over Porgera Gold Mine - Pacific ...

Papua New Guinea Government is taking over Barrick Nuigini owned Porgera gold mine but is giving the operator the option of negotiating “how it can remain”. The country's Prime Minister James Marape in a statement has explained why the mining lease renewal sought by Barrick Niugini Limited (BNL) had been rejected, and why a special mining ...

Barrick says PNG’s Porgera decision is tantamount to ...

Apr 24, 2020  Global miner Barrick Gold will challenge Papua New Guinea’s decision not to extend its special mining lease (SML) for the Porgera gold mine, saying the move is tantamount to nationalisation.

In brief: Barrick removes Porgera mine's production from ...

May 11, 2020  The mine’s ownership is split 47.5 per cent by Barrick and 47.5 by Zijin Mining. The company also lowered its gold production forecast for 2020 by about 200,000 ounces. ‘The situation is Porgera is rapidly evolving, so we will provide further updates on our outlook in due course,’ said the CEO of Barrick Mark Bristow. Agribusiness

Barrick cancels Porgera guidance following mine lease ...

May 08, 2020  Barrick Gold has withdrawn its 2020 guidance from the Porgera gold mine in Papua New Guinea following the government's decision not to renew the Canadian company’s 20-year special mining

Papua New Guinea snatches Barrick Gold’s Porgera mine ...

Apr 24, 2020  The gold mine, located in PNG’s northern highlands region, is a joint venture between Barrick and Zijin Mining. Each own 47.5% of the mine, with

Porgera owners meet new PNG leader - Mining Journal

Jun 04, 2019  Porgera, 130km west of Mt Hagen and 600km northwest of Port Moresby, first poured gold in 1990, producing more than 20Moz of gold over the life of mine.

Zijin says Papua New Guinea ending gold mine lease may ...

Apr 29, 2020  Papua New Guinea on Friday said it would not renew a 20-year mining lease at its Porgera gold mine, citing environmental damage and social unrest even as gold prices have soared to more than seven ...

Barrick Ready to Sign Deal to Reopen Porgera Mine - NXTmine

Apr 05, 2021  Canada’s Barrick Gold (TSX: ABX) (NYSE: GOLD) confirmed on Monday reports indicating that Papua New Guinea prime minister James Marape had announced an imminent deal to reopen Porgera gold mine. The operation has been closed for a year, after Barrick and its Chinese partner, Zijin Mining, become embroiled in a dispute with the PNG government, when Marape refused

Porgera Mine Set to Restart as PNG and Barrick Niugini ...

Apr 09, 2021  The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 kilometres north-west of Port Moresby. BNL is a joint venture company in which Barrick and Zijin Mining

Papua New Guinea threatens to take control of Barrick gold ...

Apr 28, 2020  Barrick’s tier-one designation, used describe a mine capable of producing 500,000 ounces of gold annually for at least 10 years at low cost, would place Porgera in league with Barrick’s crown jewel assets at a time major gold miners are desperate to replace shrinking reserves.

The Companies With Gold Mines In Papua New Guinea And Why ...

Jun 02, 2020  The Lihir Project is located on Lihir Island in PNG. It is currently a producing operation and produced 932,784 ounces of gold in 2019. The Lihir mine's total revenue was $1.23 billion.

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