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K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.


TSX:KNT - Post by User

Comment by BlindBoyon Jul 22, 2021 7:18pm
113 Views
Post# 33594136

RE:RE:RE:lease renewal

RE:RE:RE:lease renewalThe Barrick situation was not a "mining" problem, per se ...  it was more accurately a case of a major mining company behaving badly in a foreign host country.  (There are many instances of this sort of behaviour by some of our major miners in a number of 3rd world/emerging economy countries).

I previously submitted a couple of posts regarding this matter some time back, athough I can't remember exactly when.

In Barrick's case, their huge Porgera Mine would dump their tailings directly into the ocean, and devasted the fishing industry in the region, as well as low lying farmlands and streams.  Their "security" forces also beat up, raped, and murdered members of the local community. That's a few of the problems that resulted in PNG's reaction.

Barrick are now under new leadership, and appear to have satisfied PNG that they will be a better steward of their environmental/social/community responsibilities.

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