Newcrest Welcomes PM’s Call On Wafi-Golpu Mine Poroject
Newcrest Mining Limited has applauded Prime Minister James Marape’s continued support for the country’s K16.7 billion (us$5 billion) Wafi-Golpu mine project.
A spokeman from the mining company told the Post-Courier that it notes the PM’s support towards the Wafi-Golpu project as a priority for the government and confirmation that it will be advanced within the existing legal parameters of Papua New Guinea.
“Newcrest has a good working relationship with the PNG government, including in relation to Wafi-Golpu, and we look forward to resuming formal discussions as soon as possible noting the impact of Covid-19 related restrictions on normal business activities,” the spokesman said.
Newcrest’s partners in the project Wafi-Golpu Joint Venture and Harmony are also looking forward to re-engage with the state to start discussions on Wafi-Golpu. The project was put on hold following proceedings between the government of Morobe and the State, relating to the Wafi-Golpu Project memorandum of understanding.
However, this was later dismissed by the National Court sitting in Lae on February 11 following a judicial review. This has now allowed for renegotiations to continue on the special mining lease for the Wafi-Golpu project.
Morobe Governor Ginson Saonu, however, has appealed to the National Court following its decision. Newcrest notes that the timing of the hearing of the appeal is unknown at this time (noting court restrictions are now in place due to Covid-19).
During the period, discussions continued with the independent review consultants engaged by the State of PNG to review the project’s environmental impact statement.