Barrick Gold

Barrick & Zijin donate K3.8m to Mulitaka

This is in support of the ongoing assistance provided by New Porgera Limited.

A shareholder in the Porgera mine, Zijin also announced another K1.9 million funding support, also through New Porgera Limited and the two companies  will contribute a total of US$1 million (Kina 3.8 million) through New Porgera Limited (NPL) to the disaster.

Porgera Restart On Hold

Before his visit to Porgera, Mr Bristow expressed deep disappointment at the current conflict in Porgera Valley and elsewhere in Enga Province.

This has led to numerous deaths, assaults on Porgera residents, including women and children, the burning of houses and businesses, and the closure of critical government services such as the Paiam Hospital and Porgera Secondary school.

Barrick Gold Team In PNG

They will be in Papua New Guinea from 12th-15th of October and Dr Bristow is expected to meet with Prime Minister James Marape and senior PNG Government officials during his visit. 

While the Porgera Mine is presently under care and maintenance, negotiations for the re-commencement of mining at Porgera continues, in line with the terms of the Framework Agreement signed between Barrick and the State in April, 2021.

PM Gives Porgera Update

He said while reopening the mine is an important outcome sought by all, getting to that point required important regulatory and commercial arrangements to be in place.

The Prime Minister said he recognizes the commitments that the regulators, Barrick and Kumul Mineral Holding Limited have demonstrated to progress important milestones.

He said the engagement with landowners on the details of the benefits and the presentation of the framework agreement in Porgera on June 4, 2021 was an important milestone.