Article 53BAA Politics and Porgera: why Papua New Guinea cancelled the lease on one of its biggest mines

Politics and Porgera: why Papua New Guinea cancelled the lease on one of its biggest mines

by
Jonathan Pryke and Shane McLeod
from on (#53BAA)

The announcement not to renew the goldmine lease is fraught but part of an attempt to take back PNG'

Late in April, in the middle of a global pandemic and slow-boiling domestic economic crisis, the government of Papua New Guinea made the surprising announcement not to extend the mining lease on a goldmine that contributes roughly 10% of the country's total exports.

The announcement not to renew the special mining lease for the Porgera mine was a shock, not least to the mine's operator, Barrick Gold, and their joint venture partner Zijin Mining.

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