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Artikel

31 Aug 2020

Autor:
Reuters

PNG: Barrick and Zijin set to challenge “purported grant” of mining lease to state-owned enterprise as “unlawful and invalid"

“Barrick, Chinese firm to challenge PNG's 'purported grant' of mine lease”, 28 August 2020

… Barrick Niugini Ltd (BNL), the joint venture that operates Porgera, said in a statement that it would challenge the “purported grant” of the special mining lease by PNG Prime Minister James Marape to state-owned Kumul Minerals Holdings Ltd as “unlawful and invalid.”

Barrick stopped production at Porgera and sued PNG’s government after it refused to extend the mine’s lease in April because of community unrest and pollution concerns…

In its release, BNL said it “will take steps to challenge the purported grant”… of a 20-year mine lease to Kumul.

A Barrick spokeswoman declined comment on what those steps would entail.

The Canadian miner in July served a dispute notice to the PNG government and said it would seek international arbitration to resolve the impasse.

A spokesman for Marape did not confirm whether the lease was granted to Kumul in a text message exchange with Reuters…

The Prime Minister said in a statement… that the government wants to reopen the mine, but that the lease had reverted to the state. He has previously said the government wished to operate the mine itself.

The Porgera joint venture is owned by Barrick and China’s Zijin Mining Group, each with 47.5%, with the remainder owned by local landowners and the Enga provincial government.

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