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Barrick reports court loss as battle continues over Papua New Guinea gold mine
From the Canadian Press
via Toronto Star
Tuesday, September 1, 2020
TORONTO -- Barrick Gold Corp. says it has suffered further setbacks in its fight with the national government over control of its Porgera Gold Mine in Papua New Guinea.
The operating company that represents the Toronto-based miner and its partners says it lost a court challenge in the country over rights to the gold mine and intends to appeal to the country's supreme court.
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It adds it has confirmation from the prime minister that the government has granted a special mining lease for Porgera to Kumul Mineral Holdings Ltd., the national mining company.
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