Oil Search to undergo a strategic review, Newcrest remains positive about Wafi-Golpu and public consultation on internet pricing. The news you need to kickstart your week.
Papua New Guinea government and Barrick Gold outline competing visions for Porgera
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20 Jul 2020 by 9 Comments
Prime Minister James Marape and Barrick Gold have offered two competing visions for the reopening of the Porgera gold mine. With the mine closed and court cases ongoing, the latter is highlighting the impact on business and the community.
Barrick initiates international proceedings over Porgera
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13 Jul 2020 by 2 Comments
In its latest step to maintain its position as operator of the Porgera gold mine, Barrick (Niugini) is taking its dispute with Papua New Guinea to the International Centre for Settlement of Investment Disputes.
Tools down: Papua New Guinea’s Porgera gold mine starts sacking workers
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29 Jun 2020 by 16 Comments
Barrick Niugini, the majority owner and operator of the Porgera gold mine, has announced that it will be retrenching most of its workforce over the coming weeks. Meanwhile, Papua New Guinea’s government seems intent of finding a new operator for the mine.
Porgera: Barrick can challenge decision to end mining lease
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10 Jun 2020 by Leave a Comment
Papua New Guinea’s National Court has granted Barrick Niugini leave for a review of the decision not to extend the Special Mining Lease for the Porgera gold mine. Related disputes have also arisen, and the Prime Minister has flagged ‘minor amendments’ to PNG’s Mining Act.
Reconsidering Porgera: Papua New Guinea’s industry bodies urge government to negotiate
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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.
Court challenge: Marape forced to rethink Porgera decision by courts
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4 May 2020 by 12 Comments
The decision by the Marape-Steven government not to extend the Special Mining Lease on the Porgera gold mine is headed for the courts after the National Court of Justice at Waigani ordered both parties to have discussions to resolve the matter.
In brief: Oil Search still keen on P’nyang gas project and other business stories
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4 May 2020 by Leave a Comment
S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.
More dialogue and an amicable outcome needed on Porgera mine [opinion]
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1 May 2020 by Leave a Comment
The Executive Director of Institute of National Affairs, Paul Barker, considers the repercussions from the Papua New Guinea government’s decision not to renew the special mining lease on the Porgera gold mine.
Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners
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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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