Barrick to begin layoffs at PNG mine as lease dispute deepens – Reuters

SINGAPORE, June 24 (Reuters) – Barrick Gold Corp will lay off most staff at its Porgera gold mine in Papua New Guinea, the mine’s operator said on Wednesday, a signal that an impasse with the government over ownership is unlikely to be resolved swiftly. Canada’s Barrick, the world’s second-biggest gold miner, was refused an extension…

Barrick to begin layoffs at PNG mine as lease dispute deepens – Reuters

SINGAPORE, June 24 (Reuters) – Barrick Gold Corp will lay off most staff at its Porgera gold mine in Papua New Guinea, the mine’s operator said on Wednesday, a signal that an impasse with the government over ownership is unlikely to be resolved swiftly. Canada’s Barrick, the world’s second-biggest gold miner, was refused an extension of its expired lease on the mine in April, with the government citing unrest and pollution concerns. It stopped production and put the mine in care and maintenance mode while challenging the lease decision in court, but on Wednesday f
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