He announced this during a press conference late yesterday afternoon.
The Prime Minister is expected to formally handover the Framework Agreement to the landowners.
“I will inform our people on what we have secured as far as the framework agreement is concerned.”
The operations of the mine have been suspended since April 2020.
Under the new binding agreement, PNG secured a 51% stake while Barrick Niugini the developer, has a 49% stake.
Marape boasts the 51% stake is a much better deal for the landowners and the country.