Papua New Guinea seizes foreign-run gold mine
PNG Prime Minister James Marape's government refused to renew a 20-year lease on a gold mine in the country's rugged interior. – EPA pic, April 27, 2020.
OPERATIONS have halted at a Barrick Gold-run mine in Papua New Guinea that generates around 10% of the country’s total exports, after the government refused to extend the 20-year-old lease. The Canadian firm, which jointly runs the Porgera mine with China’s Zijin Mining Group, said operations had halted “temporarily” after the government’s announcement on Friday that it would move towards more local ownership.
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