Group president Jianhua Wang said the company had plans in place to cater for waste from the gold mine in Enga.
“We have the capability and capacity to take measures to improve our environmental protection and we are confident that we will incorporate those best practices of environmental protection to Porgera,” he said yesterday. The company had built a tailings dam at its Zijinshan mine in China to protect against a once in 500-year flooding events.
Wang assured local employees that they would not lose their jobs under the 50 per cent ownership and partnership agreement with Barrick Gold Corporation.
“Zijin’s engagement in Porgera will not cause any local employees any worry that they will lose their jobs to the Chinese employees because it’s our commitment to protecting the interest of the local communities’ employees,” he said.
“If we don’t have any Chinese employees come and work at Porgera that is still ok too,” he said.
Wang noted that if changes were to take place at Barrrick through the arrangement, the pre-conditions would be benefit to the community, the life of the mine would be extended and the company would ensure there was efficiency in how the project was operated.
In May this year, Barrick announced it had formed a joint venture with Zijin after the two companies signed a long term strategic cooperation agreement, which outlined their intent to collaborate in future joint investments.
Zijin operates gold, copper, zinc and platinum mines throughout the world, including Australia, Congo, Kyrgyzstan, Peru, Russia, South Africa and Tajikistan.
Last year, it generated US$9.6 billion (K26.4bn) from its global operations. The National