ZIJMF - Barrick a 'long way off' deal with PNG in mine dispute Bristow says

Barrick Gold ([[GOLD]] -0.7%) CEO Mark Bristow says the company is a "long way off" reaching agreement with Papua New Guinea about the disputed Porgera gold mine."We're a long way off," Bristow told the Financial Times Mining Summit. "We're very clear about our rights and the importance that Porgera offers to that part of Papua New Guinea."The comments come as PNG Prime Minister Marape said the Barrick venture with China's Zijin Mining (ZIJMF) was set to remain operator of the mine after talks in Port Moresby, but the PNG government would hold a majority stake in the mine under a new agreement.Prime Minister Marape in April refused to extend the venture's expired mining lease; Barrick then mounted legal challenges and closed the mine in a year when spot gold prices have hit all-time highs.

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Barrick a 'long way off' deal with PNG in mine dispute, Bristow says