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TORONTO (Reuters) - A standoff over a remote gold mine in Papua New Guinea threatens Barrick Gold Corp Chief Executive Mark Bristow’s streak of resolving thorny disputes with host governments, in the first major test he has faced outside his home patch of Africa.
FILE PHOTO: A visitor passes a Barrick Gold mining company display during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren/File Photo
Barrick, the world’s second-largest gold producer, lost a key court challenge last week over rights to the Porgera gold mine. PNG Prime Minister James Marape in April refused to extend Barrick’s lease for the requested 20 years and instead gave the lease to a state-owned mining company Kumul Minerals Holdings Ltd.
Barrick CEO faces stark test in fight for Papua New Guinea mine reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.