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AAP
AAP
Business
Morgan Reinwald

Chinese miner buys out Aussie gold project in PNG

A WA gold miner has sold off its operations in Papua New Guinea, pushing up its stock price. (Mellen Burns/AAP PHOTOS)

An Australian gold miner has sold off its operations in Papua New Guinea to a Chinese state-owned company.

Western Australia-based St Barbara is offloading its ownership of the New Simberi gold project to the Lingbao Gold Group for $410 million.

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