Harmony Gold chief executive officer Graham Briggs said on Monday the company does not view statements by the government of Papua New Guinea on resource ownership as a huge threat to its operations in the country.

Briggs was speaking to CNBC Africa after reports that the government of Papua New Guinea wants to move ownership of resources to indigenous communities.

Shares of Harmony, a South Africa-based miner that concentrates its exploration and evalutation efforts in Papua New Guinea, rose in premarket trading 4.85 percent to $12.54.