SYDNEY (Reuters) - Papua New Guinea wants a larger share of the Porgera gold mine as part of lease-renewal talks, diluting the ownership of joint venture partners Barrick Gold Corp ABX.TO and Zijin Mining Group 601899.SS, the country's commerce minister told Reuters on Monday.
PNG’s Minister for Commerce and Industry, Wera Mori, said a portion of Barrick and Zijin’s stakes would be given to the national and provincial governments and to landowners.
“We would like to see the mine to continue, but this time to be structured in such a way with a lot more national interest in it,” Mori told Reuters in an interview in Sydney.
Reporting by Jonathan Barrett in SYDNEY; additional reporting by Mell Chun; editing by Richard Pullin
Our Standards: The Thomson Reuters Trust Principles.