Latest agreement puts Wafi-Golpu copper/gold project back on track

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A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.

Newcrest approves Lihir mine expansion in Papua New Guinea

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Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.

People moves: Credit Corp, Harmony Gold, Nambawan Super

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Deputy Chair leaves Harmony Gold, a new director at Credit Corp and resignation at Nambawan Super.

Wafi-Golpu JV explains its deep sea waste disposal plan

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The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.

People moves: Bank South Pacific, Harmony Gold

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The largest bank in Papua New Guinea, Bank South Pacific, announces changes to its team and Harmony Gold appoints new General Manager for Hidden Valley Mine.

In brief: Papua New Guinea’s economy has the potential to reach K200 billion in the next 10 years and other business stories

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Papua New Guinea’s Prime Minister talks business during Independence dinner, Tari Airport reopens and Treasurer Ian Ling-Stuckey on the Central Banking Act. The business news you need to know to kickstart your week.

In brief: Barrick removes Porgera mine’s production from guidance and other business stories

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Porgera mine output is removed from Barrick’s full year guidance, Westpac announces new division for Westpac Pacific and Australia and New Zealand agree on a ‘trans-Tasman COVID-safe’ travel zone. The business news you need to kick-start your week.

Harmony Gold sets in motion Hidden Valley brownfields exploration

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Harmony Gold Mining is evaluating options to extend the life of the Hidden Valley mine in Papua New Guinea, Harmony’s CEO for South East Asia, Johannes Van Heerden tells Business Advantage PNG.

Papua New Guinea’s National Court puts Wafi-Golpu negotiations on hold pending hearing

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Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project’s exploration licence continues. 

MOU signed for Wafi-Golpu copper-gold mine in Papua New Guinea

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Developers Newcrest Mining and Harmony Gold have signed a memorandum of understanding with the Papua New Guinea Government for the development of the Wafi-Golpu copper-gold mine in PNG’s Morobe Province. While the MOU indicates negotiations are proceeding well, there is still plenty of work to be done before the project gets a green light from government, local communities and investors.