Wafi-Golpu

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.