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Barrick welcomes Papua New Guinea court decision ordering negotiations over mine

Section: Daily Dispatches

From Reuters
Friday, May 1, 2020

SYDNEY -- Barrick Gold Corp. said today it welcomed a court ruling ordering the Papua New Guinea government to negotiate over a lease extension for the Porgera gold mine.

PNG Prime Minister James Marape said last week that the country would not grant the mine a 20-year operating extension due to environmental damage and social unrest.

... Dispatch continues below ...



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The move came as the Pacific nation reviews the terms of resources projects in the country with a view to enlarging its share of the profit from its mineral riches.

Barrick suspended mining operations last weekend, saying it needed to keep workers safe and did not have any formal notification of the decision or details around any transition.

PNG's National Court on Thursday ordered both parties to negotiate before returning to court in a week on May 8, to report on the progress of talks, Barrick (Niugini) Ltd. said in a statement and local media reported. ...

... For the remainder of the report:

https://www.reuters.com/article/us-barrick-gold-png/barrick-welcomes-cou...

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