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Mining/petroleum

Reconsidering Porgera: Papua New Guinea’s industry bodies urge government to negotiate

1 Jun 2020 by 7 Comments
Papua New Guinea's government is coming under intense pressure to renegotiate the Special Mining Lease for the Porgera gold mine, which it refused to extend in April. Multiple industry bodies have urged the government to urgently negotiate with the mine’s joint venture operators, Barrick Gold and Zijin Mining, pointing to extreme economic stress.
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Going strong but for how long? Ok Tedi Mining announces strong profits and dividends

27 May 2020 by Leave a Comment
Ok Tedi Mining has announced strong profits and dividends – important because it accounts for over four per cent of Papua New Guinea’s economy. But the future of the company, which has new shareholders, will depend on finding new reserves beyond the Ok Tedi mine's projected six-year mine life.
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Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners

29 Apr 2020 by 7 Comments
Prime Minister James Marape moves to allays concerns among Papua New Guinea's mining companies following the decision not to renew the special mining lease for the Porgera gold mine. Meanwhile, the mine's temporary closure is already affecting local business.
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Digging deeper: Mineral Resources Authority confident about the future of Papua New Guinea’s mining sector

27 Apr 2020 by 2 Comments
The global economic crisis triggered by COVID-19 outbreak has increased the urgency for Papua New Guinea to facilitate mining projects, which are the biggest providers of crucial foreign exchange. Business Advantage PNG speaks exclusively PNG’s Mineral Resources Authority about where the sector is heading.
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