Featured News Papua New Guinea

Porgera Mine Reopening ‘Agreement’ Signed

The agreement for the reopening of Pogera mined has been signed between the State and Barrick.

The signing ceremony was facilitated by the Governor-General at the Government House this afternoon.

The signing of this agreement now signifies the start of Pogera mine.

Pogera mine was closed over 12 months ago, after the Special Mining Lease which was held by Barrick expired last year.

After negotiations with the state and the developer, it was agreed that Barrick will continue as the developer of Pogera mine.

The ownership of Pogera will be held in a joint venture company to be owned 51% by PNG stakeholders and 49% by Barrick.

The agreement was signed by Mining Minister Johnson Tuke and BNL CEO Mark Bristow.

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