The latest feasibility study of the proposed Wafi-Golpu copper and gold project confirms ‘a robust investment case-one which supports proceeding with the project’, says joint venture partner.
‘Robust investment case’ for Papua New Guinea’s Wafi-Golpu gold project, say venture partners
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Wafi-Golpu project set for production by end of decade
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The Wafi-Golpu gold-copper project in Morobe Province is a bright spot in an otherwise tight mining environment. The Morobe Mining Joint Venture partners believe it will be one of the world’s lowest cost gold projects, and expects production to begin in 2020.
In brief: the first stage of Lae’s port upgrade is completed, and other business stories
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Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.
People moves: PNG Dataco, Ela Motors and Harmony Gold
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Dataco board chair and MD appointments, a retirement at Ela Motors and a new Chief Operating Officer for Harmony Gold.
Harmony Gold in US$280 million write-down
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Harmony Gold has become the latest gold miner to write-down its Papua New Guinea assets, as a sharp drops in bullion prices force mining companies globally to reassess the profitability of their mines.
Harmony/Newcrest to cut costs
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Gold miners Newcrest Mining and Harmony Gold report are reviewing capital expenditure at their two joint venture projects in Papua New Guinea because of weak gold prices.
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