Porgera Mine will still operate beyond expiry of mining lease
Stakeholders and employees of the Porgera Mine are to be rest assured that the Pogera gold mine will still be operating past August 16 when the mining license expires.
The approval was granted earlier today by Justice Royale Thompson at the Waigani National Court in Port Moresby under Section 112 of the 1992 Mining Act.
This declaration has granted Barrick Niugini Limited and Porgera Joint Ventures the heads up to continue operations beyond the expiry date until the determination of the Special Mining Lease extension which was lodged in 2017.
The declaration was made following a summons filed by Barrick Niugini Limited seeking declarations that the Special Mining Lease held by the Pogera Joint Venture will continue to be in force and that PJV can continue to use and mine the land beyond the expiry of the special mining lease until a determination of an extension has been made.
The summons was brought before the court on June 21 this year.
Barrick President and CEO Mark Bristow said the state has also taken this seriously and as a result a decision on the extension is expected to be announced next week.
Mr Bristow together with Zijin Mining Company’s Executive Director and Senior Executive VP George Fang will be travelling up to Porgera tomorrow Saturday to meet with landowners and provincial government to have a dialogue on this.