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Apr 28, 2020

PNG’s Porgera gold mine operations suspended

PNG’s Porgera gold mine operations suspended

Operations have been suspended at Barrick’s Porgera gold mine in Papua New Guinea after the government failed to extend its special mining lease. The company warns the suspension will likely be extremely costly,compounding PNG’s national debt challenges, and potentially resulting in the permanent loss of the mine. It says the move is equivalent to nationalisation…

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