Last month, it announced it would lay off 2,650 local mine workers by the end of July, making permanent temporary layoffs enacted when the government said it would not extend its special mining lease.
In May,
In a news release, Barrick Niugini says the government's decision to reject its lease extension application has resulted in financial damage to the company and in significant job losses and damage to the local, provincial and national economies of
It says it is seeking to find a solution through the conciliation process to benefit the company and all stakeholders, but will also continue to pursue judicial review proceedings in the country's national court.
Five per cent of Barrick Niugini is held by local landowners and the Enga provincial government.
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