New Group CEO for Harmony Gold
Latest agreement puts Wafi-Golpu copper/gold project back on track
Welcome,
19 Apr 2023 by 5 Comments
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
Newcrest approves Lihir mine expansion in Papua New Guinea
Welcome,
1 Feb 2023 by 2 Comments
Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.
People moves: Credit Corp, Harmony Gold, Nambawan Super
Welcome,
28 Jul 2022 by Leave a Comment
Deputy Chair leaves Harmony Gold, a new director at Credit Corp and resignation at Nambawan Super.
Wafi-Golpu JV explains its deep sea waste disposal plan
Welcome,
9 Feb 2021 by 4 Comments
The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.
People moves: Bank South Pacific, Harmony Gold
Welcome,
9 Dec 2020 by 1 Comment
The largest bank in Papua New Guinea, Bank South Pacific, announces changes to its team and Harmony Gold appoints new General Manager for Hidden Valley Mine.
In brief: Papua New Guinea’s economy has the potential to reach K200 billion in the next 10 years and other business stories
Welcome,
21 Sep 2020 by Leave a Comment
Papua New Guinea’s Prime Minister talks business during Independence dinner, Tari Airport reopens and Treasurer Ian Ling-Stuckey on the Central Banking Act. The business news you need to know to kickstart your week.
In brief: Barrick removes Porgera mine’s production from guidance and other business stories
Welcome,
11 May 2020 by Leave a Comment
Porgera mine output is removed from Barrick’s full year guidance, Westpac announces new division for Westpac Pacific and Australia and New Zealand agree on a ‘trans-Tasman COVID-safe’ travel zone. The business news you need to kick-start your week.
Harmony Gold sets in motion Hidden Valley brownfields exploration
Welcome,
24 Jul 2019 by Leave a Comment
Harmony Gold Mining is evaluating options to extend the life of the Hidden Valley mine in Papua New Guinea, Harmony’s CEO for South East Asia, Johannes Van Heerden tells Business Advantage PNG.
Papua New Guinea’s National Court puts Wafi-Golpu negotiations on hold pending hearing
Welcome,
13 May 2019 by 1 Comment
Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project’s exploration licence continues.
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Recent readers’ comments