Porgera Mine MOA

Barrick agrees to be party to revised MOA

The agreement was reached on October 31st 2018 in Kokopo, East New Britain, where the parties met to progress the negotiation of the revised MOA.

Barrick took over as operator of the Porgera Mine from PlacerDom in 2016 and had been an observer up until its agreement to join the revised MOA as a party.

As per the agreement Barrick means is now obliged to honor commitments listed under the revised MOA.

They include the resettlement exercise, training and development and supply & procurement, among others.