MRE waives right to Porgera stake

PNG's Mineral Resources Enga has waived its pre-emptive right to buy a portion of the 20% stake in the Porgera joint venture that Emperor Mines is selling to majority partner Barrick Gold.

MRE waives right to Porgera stake MRE waives right to Porgera stake MRE waives right to Porgera stake MRE waives right to Porgera stake MRE waives right to Porgera stake

The move satisfies one of the key conditions for the completion of the $US250 million deal between Emperor and Barrick. The sale will increase Barrick's stake in the Porgera gold mine to 95%.

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