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BARRICK Gold has declared a dispute under the bilateral investment treaty between Papua New Guinea and Australia over the PNG government's refusal to extend the mine’s special mining lease (SML).
Barrick has declared an international dispute before the ICSID regarding PNG's resolve not to issue a 20-year extension to its special mining lease for the Porgera mine
Mine operator Barrick Niugini (BNL), in which Barrick's Australian subsidiary Barrick PD and Chinese partner Zijin Mining Group are invested, are seeking to settle the dispute before the World Bank's
Challenge dismissed in lower court
Barrick to challenge Porgera lease transfer
PNG govt denies Porgera extension
