Barrick offers stake in Papua New Guinea mine to local landowners as it tries to resolve dispute [Toronto Globe and Mail (Ontario, Canada)]
Barrick Gold Corporation (BC) (GOLD)
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Source: Toronto Globe and Mail
Barrick offers stake in Papua New Guinea mine to local landowners as it tries to resolve dispute Barrick Gold Corp has offered an extra 15 per cent stake in its Porgera gold mine in Papua New Guinea to local landowners, according to a letter from its CEO, in a bid to break an impasse with the national government over the mine’s future. Barrick, the world’s second-largest gold miner, was last month refused an extension of its expired lease over the mine that has been troubled by social unrest and pollution concerns. Any deal would be the first struck by a resources company under economic nationalist prime minister, James Marape, who came to power a year ago seeking to retain a bigger share of the country’s resource riches. Talks between the government and Exxon Mobil over a gasfield broke down in February, leaving a proposed $13 billion gas project expansion in limbo, while Australia’s Newcrest Mining Ltd is in talks on a major gold project. The government’s position on Barrick’s offer
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GOLD
Earnings
- 2/14/24 - Beat
GOLD
Sec Filings
- 3/28/24 - Form 6-K
- 3/15/24 - Form 6-K
- 3/15/24 - Form 6-K
- GOLD's page on the SEC website