Papua New Guinea refuses extension of Barrick gold mine [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Papua New Guinea refuses extension of Barrick gold mine Tailings at Barrick Gold Corp's Porgera mine, Papua New Guinea, are seen on Dec. 4, 2017. Catherine Coumans/Reuters Tailings at Barrick Gold Corp's Porgera mine, Papua New Guinea, are seen on Dec. 4, 2017. Papua New Guinea has refused an application to extend mining at Barrick Gold Corp’s Porgera gold mine, Prime Minister James Marape said on Friday. The decision, which would have extended by 20 years Barrick’s rights, was based on the recommendation of the country’s mining advisory committee, Marape said in a statement. “In the best interests of the state, especially in lieu of the environmental damages, claims and resettlements issues, the Special Mining Lease will not be renewed,” he said. Barrick had been set to elevate the troubled mine to its top-tier assets, despite landowner and government demands to cede a larger stake and deteriorating security at the joint venture with China’s Zijin Mining. With a 20-year lease rene
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