Mineral Resources Enga (MRE)

Porgera On The Road To Restart

BY: Freddy Mou
17:34, August 20, 2022
1337 reads

Prime Minister James Marape said it was a “milestone achievement” towards reopening of the Porgera mine, which has been closed since 2019.

Porgera Mine is currently into its third year of Care & Maintenance and restart plans is forthcoming, with the full execution of the Shareholders Agreement by Mineral Resource deal sealed.

Tags: 
Porgera gold mine
Mineral Resources Enga (MRE)
New Porgera Limited

New Porgera Shareholders’ Deal Signed

BY: Loop Author
12:36, April 8, 2022
3912 reads

The shareholders’ agreement now only awaits the signature of Mineral Resources Enga (MRE) for the document to take effect, which would clear the way for the incorporation of a new Porgera joint venture company and the application for a new Special Mining Lease, a condition of the Porgera mine’s reopening. 
 
The new Porgera joint venture company will be owned 49 percent by BNL and 51 percent by PNG parties, including an increased equity stake for the Porgera landowners. 
 

Tags: 
New Porgera
Barrick Niugini Limited (BNL)
Kumul Mineral (Porgera) Limited
Mineral Resources Enga (MRE)