Papua New Guinea s government has done a deal with the devil to reopen a large gold mine in the country s Highlands region.
With an economy in contraction due to the pandemic, the PNG government has reached an agreement with Canada-based company Barrick Gold on plans to reopen the Porgera mine.
Aerial view of the Porgera gold mine.
Photo: Zijin Mining
The Enga province mine had been in operation for 30 years until a year ago when it closed a after PNG s government denied Barrick and its joint venture partner in Barrick Niugini Ltd, Zijin Mining of China, a renewed mining lease.
Papua New Guinea wins majority stake in Barrick-Zijin gold mine
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Solid Q1 Puts Barrick On Track to Achieve 2021 Production Targets All amounts expressed in US dollars
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.