zijin mining to invest mln in porgera gold mine of

Porgera Mine Shareholders Meet New PNG Government About

Jun 04, 2019Barrick President and Chief Executive Mark Bristow, along with Zijin Executive Director and Senior Vice President George Fang, met today with Papua New Guinea's new Prime Minister James Marape and reaffirmed the company's commitment to working with the PNG government and local communities to ensure that the Porgera gold mine continues to deliver value to its stakeholders past

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Barrick meets new PNG leader about Porgera mine lease

Barrick Gold (TSX:ABX) (NYSE:GOLD) president and CEO Mark Bristow, along with the executive director of JV partner Zijin Mining Group, today met with Papua New Guinea's new prime minister James Marapa about extending the current special mining lease on the Porgera gold mine, which is set to expire on August 16, 2019.

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Porgera mine provides boost for PNG economy

The Porgera Joint Venture (PJV) is jointly owned through an equal partnership between Barrick Gold Corporation of Canada (47.5%) and Zijin Mining Group Company Limited of China (47.5%) with the remaining 5% owned by Mineral Resources Enga (MRE) Ltd - a consortium consisting of the Enga Provincial Government and the Porgera Special Mine Lease (SML) landowners.

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Ivanhoe Mines Completes Strategic Equity Investment of USD

Aug 17, 2019CITIC Metal Africa Closes USD 459 Mn Second Equity Investment In Canadian Mining Company Ivanhoe Mines Kenya Approves First-Ever Green Bond, What It Means For The Country The Buyers Of Kenya's First Batch Of Crude Have Been Revealed But Most People Just Want To Know Where The Money Went

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Zijin puts itself in frame for Africa business saluting

Sep 26, 2018ZIJIN Mining, a partner with Barrick Gold in the Porgera mine in Papua New Guinea, added itself to growing list of potential business partners with Barrick Group – the proposed union of the Canadian firm with Randgold Resources. Another Chinese firm, Shandong Group, which bought $300m worth of shares in Barrick Gold, and Newmont Mining []

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Zijin Mining

Description. Zijin is one of the largest Chinese gold producers in China. It now operates the Zijinshan Gold Mine, the largest open pit gold mine on mainland along with three other gold mines in production. In 2006, Zijin had 49.28 tons of the gold output and the gold produced from mining reached 20.70 tons, respectively accounting for 20.53%

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Zijin Mining to acquire Nevsun for US $1.41B in friendly

Sep 05, 2018Among Zijin's substantial global mining activities are strategic partnerships with Toronto-based Barrick Gold Corporation, related to the Porgera mine in Papua New Guinea; and Vancouver-based Ivanhoe Mines Ltd., related to the Kamoa-Kakula

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Barrick meets new PNG leader about Porgera mine lease

Jun 03, 2019Barrick Gold (TSX:ABX) (NYSE:GOLD) president and CEO Mark Bristow, along with the executive director of JV partner Zijin Mining Group, today met with Papua New Guinea's new prime minister James Marapa about extending the current special mining lease on the Porgera gold mine, which is set to expire on August 16, 2019.

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Global View from a Chinese Operator

Speakers on the final day of the recent Mines and Money (MM) conference in London included George Fang, an executive director of Zijin Mining. The company is one of China's largest gold producers, the second largest copper miner and the country's third largest miner of zinc.

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We Live in a World With Very Rich Multinational Mining

The Porgera Joint Venture - a gold mining operation in Paupa New Guinea, sucks gold out of a mountaintop, providing little benefit to miners or the people who live near the mine. Activist groups, and a lawsuit recently filed in Australia, seek to change that, as well as correct horrific human rights abuses.

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Announcement in relation to investing in the Porgera gold

The existing mining capacity of the Porgera gold mine is 5.4 million tonnes of crude ore per year (including 4 million tonnes from open-pit mining/stockpiles and 1.4 million tonnes from underground mining) . Traditional trucks and excavators are used for openpit mining. Underground mining adopts a - level, sub-

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Barrick meets new PNG leader about Porgera mine lease

Jun 03, 2019Barrick Gold (TSX:ABX) (NYSE:GOLD) president and CEO Mark Bristow, along with the executive director of JV partner Zijin Mining Group, today met with Papua New Guinea's new prime minister James Marapa about extending the current special mining lease on the Porgera gold mine, which is set to expire on August 16, 2019.

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ZIJIN MINING GROUP CO LTD

On cast bars manufactured by Gold Refinery of Zijin Mining Group Co Ltd since 2002. On "Investment Bars" manufactured by Zijin Mining Group Sales (Xiamen) Co Ltd since 2012. A certification mark has also been applied to London Good Delivery 400 oz bars since 2006.

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Officer, Senior

Barrick (Niugini) Limited ("BNL") is a company incorporated in Papua New Guinea, and operates the Porgera Gold Mine in Enga Province on behalf of the Porgera Joint Venture partners. BNL is an independently managed company and is jointly owned through an equal partnership between Barrick Gold Corporation and Zijin Mining Group-which own 95%

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Chinese Mining Investors

Zijin Mining invested $70 million in Canada gold mining firm. Zijin is a large-scale mining group headquartered in China. It is the largest gold producer, second largest copper producer, and a significant zinc, tungsten and iron ore producer in China. (Zijin trades on the Shanghai and Hong Kong stock exchanges and has a market capitalization of over $9 billion).

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Current and Future Projects

PORGERA The Porgera mine, owned 95% by Barrick Niugini Limited (owned equally by Barrick Gold and Zijin) and 5% by Mineral Resources Enga (owned equally by the Enga Provincial Government and the Special Mining Lease Landowners), produces gold and silver. The mine is

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Zijin Mining to invest $320 mln in Serbia's Cerovo 2 mine

BELGRADE (Serbia), September 3 (SeeNews) – China's Zijin Mining Group plans to invest $320 million (275.6 million euro) in the opening of the Cerovo 2 open pit mine in Serbia in the next three years, energy minister Aleksandar Antic has said.

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Barrick meets new PNG leader about Porgera mine lease

Barrick meets new PNG leader about Porgera mine lease extension Barrick Gold president and CEO Mark Bristow, along with the executive director of JV partner Zijin Mining Group, today met with Papua New Guinea's new prime minister James Marapa about extending the current special mining lease on the Porgera gold mine, which is set to expire on August 16, 2019.

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Barrick Gold : Announces Strategic Partnership With Zijin

At the end of 2014, Barrick had 3.0 million ounces of proven and probable gold reserves and 4.1 million ounces of measured and indicated gold resources at the Porgera mine (95 percent share)(3). About Zijin. Started from Zijinshan Gold Mine in 1993, Zijin Mining Group Co., Ltd (Zijin) has developed an extensive portfolio of gold, copper, lead

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Barrick Gold Corporation (via Public) / Barrick calls for

Aug 02, 2019Bristow said Barrick and its joint venture partner Zijin saw a bright future ahead for Porgera. It is a world-class gold deposit and with the right level of investment and appropriate mining technology combined with prudent management, there are opportunities to maintain and even increase production while continuing to curb costs.

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PAPUA NEW GUINEA

May 29, 2015Barrick Gold, the world's leading gold producer, has formed a strategic partnership with major Chinese mining company Zijin Mining Group Co Ltd.As a first step, Zijin will acquire 50% of Barrick (Niugini) Limited (BNL), the company which owns 95% and manages the Porgera Joint Venture Gold

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Foreman

The Porgera Gold Mine employs over 2,500 Papua New Guineans, and over the life of the mine it has contributed approximately 10% of Papua New Guinea's total annual exports. BNL offers experienced mining professionals the opportunity to play an important role in the training and development of our national workforce.

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Barrick Gold partners with Chinese company Zijin Mining at

May 26, 2015Barrick Gold partners with Chinese company Zijin Mining at Porgera mine. Under the deal, Zijin will acquire 50 per cent of Barrick (Niugini) Ltd., the company which owns 95 per cent of and manages the project, for $298 million in cash. In addition, Barrick and Zijin have signed a long-term agreement which outlines the intent

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Barrick Gold partners with Chinese company Zijin Mining at

May 26, 2015TORONTO – Barrick Gold Corp. (TSX:ABX) has signed a strategic partnership with Chinese mining company Zijin Mining Group Co. Ltd. which will take a stake in its Porgera Joint Venture gold mine in Papua New Guinea. Under the deal, Zijin will acquire 50 per cent of Barrick (Niugini) Ltd., the

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Barrick's CEO visits Papua New Guinea to support extension

Barrick and Zijin Mining Group each own a 47.5% interest in the Porgera Joint Venture, while Mineral Resources Enga owns the remaining 5% interest. At present, the firms involved in the project are negotiating an extension of the Special Mining Lease that will allow the mine to remain productive.

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Chinese Zijin Mining Group invests in Porgera Gold Mine

CHINESE company, Zijin Mining Group Company Limited is stepping up its efforts to expand its business outside China. It has already invested in eight countries including the Democratic Republic of Congo in Africa for the Kamoa Copper project, and PNG through the Porgera gold mine.

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Barrick Gold Partners with Chinese Company Zijin Mining

TORONTO - Barrick Gold Corp. (TSX:ABX) has signed a strategic partnership with Chinese mining company Zijin Mining Group Co. Ltd. which will take a stake in its Porgera Joint Venture gold mine in Papua New Guinea. Under the deal, Zijin will acquire 50 per cent of Barrick (Niugini) Ltd., the company

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Zijin Ends Offer for Indophil

Jun 29, 2010China's biggest gold producer, Zijin Mining Group Co., ended its offer to buy Australia's Indophil Resources NL because the wait to get government approval for the deal in China was taking too long. Source: Wall Street Journal, June 27 2010 China's biggest gold producer, Zijin Mining Group Co., has made a 545 million Australian dollar

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2017 News

Zijin – through its subsidiary, Gold Mountains (H.K.) International Mining Company Limited – agreed to pay US$412 million for a 49.5% interest in Kamoa Holding Limited. Zijin paid an initial US$206 million at closing in December 2015, followed by the payment of the first three of five scheduled US$41.2 million installments in March, July

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Bristow Discusses SML Extension for Porgera With New PNG

Jun 04, 2019Bristow said Porgera was an important long-term asset for PNG as well as the mine's owners, Barrick Gold Corp. and Zijin Mining Group. "The proposed extension to its lease will allow the mine to remain productive for at least another 20 years," Bristow said.

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