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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.


TSX:KNT - Post by User

Comment by BlindBoyon Jul 22, 2021 7:18pm
130 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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