Framework Agreement

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.

The Prime Minister, James Marape and Porgera mine operator Barrick Niugini Ltd Chief Executive Officer, Mark Bristow will meet concerned landowners at the Paiam oval, with a huge crowd expected to attend.

The binding agreement will pave way for landowner negotiations. The deal not only outlines prospective benefit-sharing principles and mine operating plans, but also lays out the final compliance that must be done before mining can resume. Mine reopening is expected later this year if mutually agreed conditions are fulfilled.