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PNG landowner group accused of 'hijack' over validation in Porgera


PNG
Tieni Wuape clan leader from the Special Mining Lease (SML) Janet Yuwi told the
Post-Courier that a landowner group was allegedly misleading the Mining Department team in Porgera on unsanctioned venues for the validation process.
“A public notice published by the Ministry of Mining in the print media recently had sanctioned sites, villages and communities to be visited during the validation exercise but that was not happening,” she said.
Yuwi said she had waited in vain at Yarik Kanaga on the date scheduled which was on Monday, July 26, with other clan members.
She said the landowners were later informed that the voting was hosted by Mamai clan at Panadaka village which was totally unacceptable and not according to the sanctioned sites. ....

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10 Best Dividend Stocks to Buy According to Billionaire Stan Druckenmiller


10 Best Dividend Stocks to Buy According to Billionaire Stan Druckenmiller
Stanley Freeman Druckenmiller is an American investor, hedge fund manager, and philanthropist with a long-standing career in the financial industry. He first joined the financial sector management trainee at Pittsburgh National Bank in 1977 before becoming the head of the equity research group a year later. He is also one of the leading experts to follow when looking for recommendations for the top dividend stock picks. Druckenmiller is the former chairman and president of Duquesne Capital, which he founded in 1981.
In 1986, he was named head of the Dreyfus Fund, having joined the fund as a contract consultant a year before. In 1988, he replaced Victor Niederhoffer at Quantum Fund, owned by George Soros, where he raised $260 million in 2008. In 1992, Druckenmiller and Soros made a fortune betting against British pound sterling, which crashed on “Black Wednesday.” ....

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5 Best Gold Stocks to Buy in 2021 - Insider Monkey


5 Best Gold Stocks to Buy in 2021
No. of Hedge Fund Holders: 22
This is a gold mining company that also deals with the development of gold mines, as well as selling precious metal. It also deals with copper production and has investments in the Canadian oil and gas industry. First Eagle Investment Management, held by Jean-Marie Eveillard was its largest hedge fund investor with more than 26.8 million shares.
Barrick Gold recently signed an agreement that would allow Papua New Guinea to have majority shareholding in Porgera gold mine, scheduled to resume operations.
PNG stakeholders will own 51% of the Porgera mine, while Barrick Niugini Ltd will own the remaining stake. ....

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Barrick accepts reduced ownership stake in deal to restart Papua New Guinea gold mine


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.
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