Barrick cleared to restart Porgera gold mine in Papua New Guinea
Barrick was granted a special mining lease by the island country's Governor General, clearing the way for the 700,000 oz. per year operation to return to production.
The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.
The new exploration rights form a continuous block on the southwest border of Ivanhoe's existing Platreef mining rights at Turfspruit and Macalacaskop.
European business groups representing consumers oppose any restrictions against Russian aluminum, saying they could put thousands of companies out of business.