Porgera gold mine

Enga Govt Backs New Porgera Deal

He said the Marape-led Government is bold and decisive in negotiating a new deal for the country and is proud to say that Enga Province has supported those efforts. 

Sir Ipatas made this statement after the Enga Provincial Executive Council (PEC) met over the weekend to endorse the new project framework proposed for the mine.    

PNG to get 51% in new Porgera Deal

The State of Papua New Guinea and Barrick Niugini Limited today formally signed the Framework Agreement at Government House paving the way for a new partnership with BNL.

Under the framework agreement the ownership of the Porgera Gold Mine will be held in a new Joint Venture company with PNG to hold a 51% stake and BNL with 49%.

The Framework Agreement also sets the foundation for operations arrangements, and benefit split

Under the new deal BNL will finance the start-up of the mine and remain the operator.

Reduced Power Supply to Porgera Communities

Effective Friday 17 July, electrical power to Porgera communities will only be supplied between the hours of 6:00 pm to 6:00 am daily, until further notice.

BNL recognises this is a significant inconvenience to all community members, but regrettably the Company has no other option than to continue to reduce costs in light of the Government decision not to extend the Porgera Special Mining Lease, which forced the suspension of operations, and the consequent loss of operating revenue for the Company.

Resource law changes after 2025

Prime Minister James Marape says this assurance has been made to stakeholders in the mining and petroleum sectors.

The Prime Ministers revealed this when announcing the non-renewal of the Porgera Gold Mine Special Mining Lease.

Marape said the announcement of the non-renewal of the SML should not scare investors and stakeholders in the mining and petroleum sectors.  

Non-renewal to have major impacts: PLOA

PLOA Negotiation Team Chairman, Maso Mangape, says the decision announced by the Prime Minister, James Marape, was made on ill advise.

Mangape, told this newsroom that the announcement came as a surprise to the landowners, claiming several letters to the Government to discuss the future of the mine were not acknowledged.

Mangape said the uncertainty clouding the future of the mine has heightened after Barricks announcement to temporarily suspend operations.

Possible Supplementary Budget in June

Prime Minister, James Marape, said this recently in response to the massive drop in oil prices.

The drop-in oil will affect revenue sales from oil and LNG, major export commodities for PNG.

Prime Minister James Marape said they will be in a better place in June to see by how much PNG’s revenue has gone off track.

In the meantime, the Government will implement its current budget plan.

BNL challenges non-extension of Special Mining Lease

The Government’s decision was tantamount to nationalisation without due process and in violation of the Government’s legal obligations to BNL,” said the operator in a statement.

BNL said it remained willing to discuss the issue with Prime Minister James Marape and his Government in the hope of averting what it described as a catastrophic situation for the communities at Porgera and in Enga, and for the country as a whole.

Porgera Mine extension application refused

Prime Minister James Marape made the announcement following a National Executive Council decision based on the recommendation of the Mining Advisory Council.

The Prime Minister said in light of long standing environmental and resettlement issues, the Special Mining Lease will not be renewed.

“The Mining Advisory Committee is an independent committee under the Mining Act and they have thoroughly and carefully gone through the application and came up with the recommendation to reject the application for extension,” said Marape.

Porgera raid against Ministers advise

Kramer said he was informed of the impending raid during his last visit to Porgera and strongly advised against it given the lack of protective gear and training.

He said when he learnt of the death of the police officer he was upset.

Minister Kramer was responding to questions by NCD Governor, Powes Parkop, on the proliferation of guns in tribal communities in rural PNG.

Mine operations to continue until determination: Minister

On Tuesday, the Mineral Resources Authority outlined this among other updates relating to the extension application and negotiations to continue operating the joint-venture project in Enga Province.

The Porgera Gold Mine Special Mining Lease 1(P) and 14 supporting tenements expired on 16th August 2019, but is subject to the continuation in force of those tenements until the determination of the extension application.