Wafi-Golpu

Resource law changes after 2025

Prime Minister James Marape says this assurance has been made to stakeholders in the mining and petroleum sectors.

The Prime Ministers revealed this when announcing the non-renewal of the Porgera Gold Mine Special Mining Lease.

Marape said the announcement of the non-renewal of the SML should not scare investors and stakeholders in the mining and petroleum sectors.  

PM anticipates billions from projects

Prime Minister Peter O’Neill said both projects, if approved, will bring in an investment of US$26 billion (K82.6 billion) and will have a significant injection into the economy of our country.

He said this in parliament on January 22nd.

“In total there will be close to US$26 billion, which is close to K100 billion investment in the country and that will have a significant injection into the economy of our country,” said O’Neill.

Tailings management options investigated

Speaking at the Australia-PNG Business Council Forum Newcrest Country Manager, Peter Aitsi, said the investigations into the tailings management options which include, deep sea tailings placement, is being done along with further geo-technical interpretations.

Aitsi said the outcomes of these activities will be forwarded and placed with the Special Mining Lease (SML) application and feasibility study which have been submitted.