El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
The Porgera mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, operator Barrick Gold Corp said on Monday, after a massive landslide struck in the province the mine is located.
The landslide in Enga province buried more than 2,000 people, the government said earlier on Monday, as treacherous terrain impeded aid and lowered hopes of finding survivors.
The Porgera mine is an underground gold mine jointly run by Barrick Gold, China’s Zijin Mining Group and stake holders from Papua New Guinea, according to Barrick website. The mine was re-started earlier this year after being in dispute for four years.
Barrick in its statement said the Porgera gold mine is providing support to the survivors of the mountainside collapse, which happened 30 kilometres (18.64 miles) from its gold mine.
Shares of Barrick Gold were trading up by 1% on the Toronto Stock Exchange on Monday morning.
(By Divya Rajagopal and Kanishka Singh; Editing by Diane Craft)
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