barrick gold porgera mine

Barrick Gold nears agreement to reopen Porgera mine

2021-4-5 · BNL is a joint venture company in which Barrick and Zijin Mining Group 601899.SS each own 50%.. The Porgera joint venture is an open pit and underground gold mine in the Enga province of Papua New ...

Barrick Gold Corporation

The Framework Agreement provides, among other things, for ownership of Porgera to be held in a new joint venture owned 51% by PNG stakeholders and 49% by BNL or an affiliate. BNL is jointly owned on a 50/50 basis by Barrick and Zijin Mining Group and will retain operatorship of the mine under the terms of the Framework Agreement. Efforts are ...

Barrick takes dispute over Porgera mining rights to PNG …

2020-9-1 · The Porgera gold mine contributes to about 10% of the nation''s exports and employs over 3,300 people The gold mine, located in PNG''s northern highlands region, is …

BARRICK GOLD: BIG PORGERA GOLD MINE RE-OPENING …

2021-4-6 · Miner Barrick Gold says Papua New Guinea PM James Marape is to make an imminent agreement to reopen the disputed Porgera Gold Mine a year after it was shut, Reuters reports.The world''s 2nd -largest gold producer lost a key court challenge last year over rights to the mine, which accounted for about 5% of Barrick''s production in 2019. In April last year, …

PorgeraJV

Fax: (+675) 322 4824. Australia. Porgera Services Company Limited, Level 5, CitiCentral Building, 46 Sheridan St., Cairns, QLD 4870, Australia. Tel: (+61) 7 4050 5100. The Porgera Gold Mine in Enga Province, Papua New Guinea, is owned by the Porgera Joint Venture (PJV). It is operated by Barrick (Niugini) Limited ("BNL") which owns 95 ...

Barrick unable to confirm Porgera restart

2021-10-13 · Barrick Gold chief executive officer Mark Bristow has shown urgency to restart the Porgera gold mine in Papua New Guinea (PNG) ahead of a meeting with the country''s Prime Minister. The meeting ...

Major Mines & Projects | Porgera Mine

The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200- 2,600 meters in the Enga Province of Papua New Guinea. The Open Pit mine is 500 meter deep, below the highest point of surface topography and approximately 30 million tonnes (t) of ore per year is excavated.

Barrick Gold Corporation

2022-8-3 · Kathy du Plessis. +44 20 7557 7738. Email: [email protected] . Website: Endnotes. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve.

Barrick and PNG reach deal over Porgera mine

2021-4-14 · Porgera is an open pit and underground gold mine in the Enga province of Papua New Guinea, about 600 kilometres (370 miles) northwest of Port Moresby. It produced about 600,000 ounces of gold in ...

Barrick to remain Papua New Guinea''s Porgera gold mine …

2020-10-16 · Barrick Niugini, which is jointly owned by Barrick Gold and China-based Zijin Mining, owns a 95% stake in the Porgera Joint Venture that owns the Porgera gold mine. In April, PNG government said it will take control of the Porgera gold mine after refusing to extend Barrick Gold''s special mining lease over the facility.

Placer Dome Gold Mine – Porgera – Papua New …

2000-3-27 · 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 …

Is porgera mine operating?

Where does Barrick gold operate? Barrick has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. Our diversified portfolio spans many of the world''s prolific gold districts and is focused on high-margin, long-life assets. Who is the largest gold producer in the world?

PNG Govt signs new deal with Barrick to reopen ''new …

2021-4-12 · April 12, 2021. 0. 889. By NOBERT KOKE. THE Marape Pangu led government on Friday signed a historic deal with Barrick Niugini Limited to recommence the Porgera Gold Mine that has been closed for over 12 months since April last year. The framework agreement that was signed between the Mining Minister Johnson Tuke and Barrick Gold President and ...

Barrick optimistic of Porgera restart

2021-3-22 · Barrick has excluded Porgera for the time being from its 2021 production guidance of 4.4-4.7 million ounces of gold. The Canada-based miner''s share of Porgera''s production in 2019 was 284,000 ounces of gold, at all-in sustaining costs of US$1,003/oz. Porgera is owned 47.5% by both Barrick and Zijin, with the remaining 5% held by the Enga ...

Barrick Gold challenges ''nationalization'' of Porgera mine, …

The Porgera gold mine in Papua New Guinea. 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 ...

Barrick nears deal with Papua New Guinea to reopen …

2021-4-6 · Equally owned by Barrick Gold and China-based Zijin Mining, BNL holds a 95% stake in the Porgera JV that owns the Porgera gold mine. The remaining 5% stake is owned by Mineral Resource Enga, a consortium between the Enga provincial government (2.5%) and the Porgera landowners (2.5%).

Porgera Mine Set to Restart as PNG and Barrick Niugini

2021-4-9 · PORT MORESBY, Papua New Guinea, April 09, 2021 (GLOBE NEWSWIRE) -- The Porgera gold mine is on track to resume operations later this year after the Papua New Guinea (PNG) government and Barrick ...

Barrick escalates dispute with PNG over Porgera mine

2020-7-10 · Canada''s Barrick Gold (TSX: ABX) (NYSE: GOLD) has served a dispute notice to the Papua New Guinea (PNG) government over the country''s refusal to renew a license for Porgera mine. The world''s ...

Papua New Guinea snatches Barrick Gold''s Porgera mine

2020-4-24 · Porgera contributes to about 10% of the nation''s exports and employs over 3,300 Papua New Guinea nationals. The open pit and underground gold mine sits at an altitude of 2,200-2,600 metres in ...

PorgeraJV

The Porgera Gold Mine is located in the Enga Province of Papua New Guinea at an altitude of 2,200 – 2,700 meters. It is 130 kilometers west of Mt Hagen and 600 kilometers northwest of the capital Port Moresby. The Porgera Joint …

Porgera mine restart on hold until agreement executed by all

2022-7-28 · THE delay in re-opening the Porgera gold mine in Enga means the deprivation of benefits to stakeholders and increasing care and maintenance cost. ... "Porgera was a challenge. "Barrick was struggling with a massive debt of US$12 billion (about K42 billion). "Porgera was too complicated. "So they sold half (shares) to Zijin (Mining Group ...

Porgera gold mine restart on track

2021-4-9 · The Barrick Niugini Limited (BNL) joint venture is about 50% owned by Barrick Gold and 50% by Zijin Mining Group. Porgera has been on care and maintenance since April 2020 when the government declined to renew its special mining lease. Barrick said that the terms of the agreement are a new joint venture owned 51% by Papua New Guinea government ...

Barrick Gold Corporation

2021-6-4 · Porgera Moves Closer to Restart. Porgera, Papua New Guinea – The process of re-opening the Porgera gold mine under the terms of the binding framework agreement between the government and operator Barrick Niugini Limited (BNL) took a major step forward with a discussion between Barrick President and Chief Executive Mark Bristow, Prime Minister ...

Barrick signs agreement to reopen Porgera gold mine in …

2021-4-9 · BNL is a 50-50 joint venture of Barrick Gold and China''s Zijin Mining Group. According to the latest agreement, a joint venture between PNG and BNL, respectively holding 51% and 49% stakes, will own and operate the Porgera mine. The agreement also allows PNG stakeholders and BNL to jointly share the economic benefits generated from the mine.

Protest Barrick : Index

2019-5-14 · On Oct 17, Barrick Gold was given a 48 hour ultimatum to respond to requests by landowners at their controversial Porgera mine in Papua New Guinea. The first demand, that Barrick become Party to a revised Porgera Mine Memorandum of Agreement and make a date to commence MOA review, has been the landowners "number one ask from day one", according ...

Barrick Gold Corporation

2020-7-10 · TORONTO — Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) announced that its subsidiary, Barrick (PD) Australia Pty Limited (Barrick PD), an investor in the Porgera Mine, has given notice to Papua New Guinea (PNG) that a dispute has arisen under the Bilateral Investment Treaty (BIT) between PNG and Australia. Barrick PD asserts that the ...

Battle over Porgera ends with Barrick stake deal

2020-10-16 · Porgera is a joint venture with Zijin Mining Group Co., whose Hong Kong-listed shares advanced 1.6% on Friday. Barrick shares slipped …

Barrick Gold progressing Porgera mine negotiations in PNG

2021-4-6 · Barrick notes the statement released by Papua New Guinea prime minister James Marape announcing an imminent agreement to reopen Porgera mine. "Barrick and the Government of Papua New Guinea have continued to hold constructive discussions on a framework agreement for the recommissioning of Porgera, which has been on care and …

Barrick Gold comments on "imminent" Porgera mine …

2021-4-5 · TORONTO – Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] said Monday April 5 that it has noted the statement by Papua New Guinea Prime Minister James Marape announcing an imminent agreement to reopen the Porgera gold mine. Barrick and the government of Papua New Guinea have continued to hold constructive discussions on a framework agreement for the ...

Barrick Gold: Porgera gold mine close to restart | Mining …

2021-6-4 · The process of re-opening the Porgera gold mine under the terms of the binding framework agreement between the government and operator Barrick Niugini Limited (BNL) took a major step forward with a discussion between Barrick President and Chief Executive Mark Bristow, Papua New Guinea Prime Minister James Marape and the various Porgera …

PorgeraJV

NEWS. 4-June-2021. Visit to Porgera. Barrick President and Chief Executive Officer Mark Bristow, Prime Minister of Papua New Guinea James Marape and Governor of Enga Province Sir Peter Ipatas were in Porgera today where they explained to the various landowner groups of the Porgera Gold Mine, about the elements of the Framework Agreement signed in April 2021.

Barrick deal on Porgera restart

2021-4-12 · Porgera was a circa 500,000 ounce per annum gold producer prior to its suspension. Barrick has not included any production from Porgera in its 2021 guidance. Canaccord Genuity had assumed a restart in 2021 with Barrick''s share of 2021 production to be 208,000oz.

Barrick Gold Corporation

2021-4-9 · 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 Group each own 50%. Enquiries: Kathy du Plessis Investor and Media Relations

Papua New Guinea takeover Barrick Gold''s Porgera mine

2021-7-7 · Barrick''s president and chief executive officer, Mark Bristow, had stated last month that Porgera had "tier one potential" but faced many challenges in the form of "legacy problems and an unruly neighbourhood." The gold mine, situated in the northern highlands region of PNG, is a joint venture between Barrick and Zijin Mining.

Barrick Gold comments on “imminent†Porgera mine …

Barrick and the government of Papua New Guinea have continued to hold constructive discussions on a framework agreement for the recommissioning of Porgera, which has been on care and maintenance since April, 2020. 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 ...