Loading ...Barrick to fight PNG’s attempt to grant Porgera lease to state-backed miner
Canada’s Barrick Gold (TSX: ABX) (NYSE: GOLD) said it would challenge the Papua New Guinea (PNG) government alleged move to grant a 20-year lease for the Porgera gold mine to a state-backed firm.
The world’s second-largest gold producer and its Chinese partner, Zijin Mining, are embroiled in a dispute with Prime Minister James Marape, who rejected in April their application for a lease extension.
Barrick fighting PNG move to grant Porgera lease to state-backed miner