Is Porgera mine operating?

Is Porgera mine operating?

On October 15, 2020, Barrick Niugini Limited and Prime Minister Marape issued a joint press release indicating that they had productive discussions toward mutually acceptable arrangements for a new Porgera partnership to reopen and operate the mine going forward.

Who owns Porgera mine Papua New Guinea?

Under the terms of a binding framework agreement signed here today by Governor General Sir Bob Dadae and Barrick Gold Corporation President and Chief Executive Mark Bristow, ownership of Porgera will be held in a new joint venture owned 51% by PNG stakeholders and 49% by BNL. BNL remains the operator of the mine.

What does Porgera mine extract?

In January 2016, the Porgera mine commenced exporting of pyrite concentrate. A recent modification to the flotation circuit had enabled the production of a gold rich sulphide concentrate that is shipped to an offsite smelter for further gold extraction.

What is Porgera?

Porgera (also spelled Pogera) is a town in Enga Province, Papua New Guinea. It lies to the east of Porgera Gold Mine. It is administered under Porgera Rural LLG.

Who owns the biggest gold mine in Papua New Guinea?

Barrick Gold Corporation and Zijin Mining Group each own 50% of Barrick (Niugini) Ltd. Porgera Gold Mine is the second largest mine in Papua New Guinea and is regarded as one of the world’s top ten producing gold mines….Porgera Gold Mine.

Website Barrick Gold Corp Website

Who first discovered gold in Porgera?

John Black
Porgera has had a rich history dating back to 1938 when alluvial gold was first reported through early exploration. The first European contact with the Porgera area was in late 1938 when gold was discovered in the Porgera river by John Black in March 1939.

Where is the world’s largest gold mine?

1. Muruntau, Uzbekistan. The Muruntau mine in Uzbekistan is the largest gold mine in the world in terms of production. In a single year, Muruntau produces over 2 million ounces of gold.

What are the benefits of Porgera mine?

A study conducted at the Porgera gold mine in Papua New Guinea showed that treating mine tailings with lime helped stabilize arsenic in soil and sediments around the mine, therefore preventing the toxic chemical from remaining dissolved in water and affecting people and ecosystems.

Where is the richest gold mine in the world?

Source: AngloGold. AngloGold Ashanti’s Mponeng mine, the world’s deepest gold mine, is located in the West Wits mining district south-west of Johannesburg, on the border between Gauteng and North West Province.

When was Porgera gold mine started?

20 September 1990
The Porgera mine was developed in a process of stages. The first gold pour was on 20 September 1990 and the mine was officially opened by the then Prime Minister of PNG, Rabbie Namaliu on 20 October 1990.

Who is the richest gold miner in the world?

According to sources, Tony Beets is the richest miner on Gold Rush. The richest cast member on Gold Rush appears to be Tony Beets by a pretty significant margin. He’s been on the series since season 2, and as of 2020, he’s amassed a net worth of roughly $15 million (via Celebrity Net Worth).

What created gold?

Scientists believe all the gold on Earth formed in supernovae and neutron star collisions that occurred before the solar system formed. In these events, gold formed during the r-process. Gold sank to the Earth’s core during the planet’s formation. It’s only accessible today because of asteroid bombardment.

Who is the owner of the Porgera mine?

Find out what’s happening at the world’s largest gold complex. Porgera mineral reserves and mineral resources are reported on a 47.5% interest basis, reflecting Barrick’s undisputed ownership position prior to April 24, 2020, and the ownership position Barrick is asserting in its legal proceedings in Papua New Guinea court.

Where is the Porgera Gold Mine in Papua New Guinea?

The Porgera gold mine is located in Enga Province, about 600km north west of Port Moresby. The mine is operated by a joint venture between Placer Dome (75%), Orogen Minerals Ltd (20%) and Mineral Resources Porgera Pty.

How big was the explosion at the Porgera mine?

In August 1994, eleven workers were killed when a blast destroyed the Dyno Wesfarmers explosives factory at the Porgera Gold Mine. The blast left a crater 40 meters wide and 15 meters deep, damaging property up to 2 kilometers away.

What kind of ore is in Porgera Zone VII?

The Porgera Zone VII orebody is an epithermal style orebody hosted within thermally metamorphosed sediments of the cretaceous. The four precious metal associations are: auriferous pyrite, sphalerite and galena; coarse euhedral auriferous pyrite; fine anhedral auriferous arsenical pyrite; gold and electrum.

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