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Barrick's Porgera mine in Papua New Guinea operating without restriction after landslide
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Barrick's Porgera mine in Papua New Guinea operating without restriction after landslide
May 27, 2024 7:55 AM

May 27 (Reuters) - The Porgera Mine in Papua New Guinea

is running without restriction and has enough fuel on site for

40 days, operator Barrick Gold Corp ( GOLD ) said on Monday,

after a massive landslide struck in the province the mine is

located.

The landslide in Enga province buried more than 2,000

people, the government said earlier on Monday, as treacherous

terrain impeded aid and lowered hopes of finding survivors.

The Porgera mine is an underground gold mine jointly run by

Barrick Gold ( GOLD ), China's Zijin Mining Group and stake

holders from Papua New Guinea, according to Barrick website. The

mine was re-started earlier this year after being in dispute for

four years.

Barrick in its statement said the Porgera gold mine is

providing support to the survivors of the mountainside collapse,

which happened 30 kilometres (18.64 miles) from its gold mine.

Shares of Barrick Gold ( GOLD ) were trading up by 1% on the

Toronto Stock Exchange on Monday morning.

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