The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
PNG landowners have submitted a position statement, outlining “irreparable losses” as a result of social, economic and environmental damages allegedly caused by the operation.
The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.
In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.