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Bristow, Marape meet as Porgera moves closer to restart

Jun 4, 2021

Source: https://www.mining.com/bristow-marape-meet-as-porgera-closer-to-restart/

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Porgera is an open pit and underground gold mine in the Enga province of Papua New Guinea, about 600 km (370 miles) northwest of Port Moresby. (Image courtesy of Barrick Gold.)

Barrick Gold (TSX: ABX) (NYSE: GOLD) chief executive Mark Bristow has met with Papua New Guinea prime minister, James Marape, and landowners to fine-tune details of an agreement to reopen the Porgera gold mine.

The deal, inked in April, sets up a new joint venture in which PNG stakeholders will have a 51% stake and Barrick Niugini Limited (BNL) 49%. The partnership owns the gold mine, but BNL remains as the operator.

Original Text (This is the original text for your reference.)

Porgera is an open pit and underground gold mine in the Enga province of Papua New Guinea, about 600 km (370 miles) northwest of Port Moresby. (Image courtesy of Barrick Gold.)

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