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Published on Gold Anti-Trust Action Committee (http://gata.org)

No deal yet on Papua New Guinea mine, Barrick CEO Bristow says

By cpowell
Created 2020-10-17 00:04

From Reuters
Friday, October 16, 2020

Barrick Gold Chief Executive Mark Bristow said today the Canadian miner was a "long way off" from reaching agreement with Papua New Guinea about the disputed Porgera gold mine.

In April, Prime Minister James Marape refused to extend the expired mining lease held by a venture of Barrick and its partner, China's Zijin Mining, citing environmental and social problems.

... Dispatch continues below ...


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But on Thursday Marape said the venture was set to remain operator of the mine after talks in Port Moresby.

“We're a long way off reaching agreement,” Bristow said at the Financial Times Mining Summit. “We're very clear about our rights and the importance that Porgera offers to that part of Papua New Guinea." ...

... For the remainder of the report:

https://www.reuters.com/article/idUSL1N2H70OD [2]

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Source URL:
http://gata.org/node/20589