Porgera benefits to be shared fairly, transparently
newscatcher
2023-05-28 06:30
Porgera benefits to be shared fairly, transparently
In a statement to the media, NPL states that the benefit sharing terms agreed between the State, Barrick Niugini Limited (BNL), Kumul Mineral Holdings Limited (KMHL) and Mineral Resources Enga Limited (MRE) to restart the mine ensures a transparent and fair distribution of the overall economic benefits that will be generated by Porgera over its 20-year mine life.   Over the life of mine, PNG shareholders comprised of Porgera landowners, Enga province and the State (including KMHL, which will hold the equity in new Porgera on behalf of the State) will receive 53 percent of Porgera's overall economic benefits.

https://www.looppng.com/png-news/porgera-benefits-be-shared-fairly-transparently-120464

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