Wafi-Golpu Project

This includes K85 million in royalties and K156 million paid in taxes amongst multi-million kina investments public infrastructure and salaries to its five thousand local employees.

These figures were revealed in the company’s 2017 Sustainability report released last month.

The report also states Newcrest’s commitment as a development partner for PNG to expand with further progress toward the Wafi-Golpu Project.

The team from Wafi-Golpu yesterday presented the feasibility study update to Deputy Prime Minister Charles Abel and Mining Minister Johnson Tuke in Port Moresby.

The update will form part of a revised proposal for development in support of the Special Mining Lease application, which was also submitted to the Mineral Resources Authority (MRA) in Port Moresby the same day (March 20).