| Porgera Project |
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Porgera |
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Country |
Papua New Guinea
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Province |
enga |
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Close to |
Mount hagen |
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Status |
PRODUCTION
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Latitude / Longitude |
5 S 28 / 143 E 06 |
Mining District |
Porgera intrusive complex |
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Legends
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| Risk and valuation analysis of the Porgera Project |
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| Title(s) of the Porgera Project |
 | Barrick Gold Corp.
Joint venture: 95% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Barrick Gold Corporation (TSX: ABX)(NYSE: ABX) announced today that it completed its acquisition of an additional 20 per cent interest in the Porgera mine in Papua New Guinea from Emperor Mines Limited (ASX: EMP) for consideration of US$250 million i more... |
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| Location of the Porgera Project |
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The mine is located about 130 kilometers west of the established town of Mount Hagen, 600 kilometers northwest of Port Moresby, and about 680 kilometers by road from the coastal port of Lae from which all materials are freighted. The mine is located at an altitude of 2,200 to 2,700 meters.
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| History of the Porgera Project |
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An underground mine was operated from 1989 to 1997, and subsequently maintained and developed to provide long-term drainage for the open pit, and to provide access for ongoing exploration. The underground mining operation was recommenced in 2002 to extract underground reserves in the Central and North Zones.
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| Geology of the Porgera Project |
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Mineralization occurs within the Porgera intrusive complex, around the margins of, and within, the intrusive bodies.
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| Production history |
| Metal | 2007 |
| GOLD (oz) | 521,000 |
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Data last updated on : 12/31/2008
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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