Barrick Gold logo is seen during the company s annual general meeting in Toronto on Tuesday, April 28, 2015. THE CANADIAN PRESS/Nathan Denette
CALGARY Barrick Gold Corp. says its suspended gold mine in Papua New Guinea will resume operations later this year after negotiations to settle a bitter dispute with the national government resulted in the state taking a much larger ownership stake.
The Porgera gold mine was suspended last April when the government refused to renew the special mining lease for operator Barrick Niugini Ltd., a 50-50 joint venture owned by Toronto-based Barrick and China s Zijin Mining Group Ltd. article continues below
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