Tag Archives: Newcrest Mining

Harmony and Newcrest prepare the ground for more marine waste dumping

An example of tailings spilling into rivers in Madang Province – Picture: Act Now!

Pangu hosts deep sea tailings workshop

Sophie Yaruso | PNG Loop | November 24, 2017

Members of Parliament have been challenged to seriously consider the sensitive issues surrounding deep sea tailings disposal and the impact it has on the submarine ecosystem and communities in the area.

Pangu Pati’s Leader Sam Basil and Morobe Governor Ginson Saonu have been commended for organising an interactive dialogue on deep sea tailings disposal: The Basamuk Experience & Implications for Huon Gulf.

Speakers at the session were from Wafi-Golpu Joint Venture led by the company’s head of external affairs, David Wissink, Dr Grant Batterham and David Gwyther, who presented preliminary research findings arguing the safety of submarine disposal of tailings.

In contrast, UPNG marine biologist Professor Ralph Mana was there to present ndings of marine life, including discovery of new species which could be endangered with deep sea disposal of tailings.

Basil, who is also Minister for Communications, Information Technology and Energy, said:

“We need extractive industries to bring in the revenue necessary to drive the infrastructure, utilities and social services for the people at the same time, a need to protect the people and the environment for generations to come.

“Education and knowledge is the focus here. The more MPs like me and my colleagues know, the better our decision can be for our country.

“This workshop is to create dialogue on the balancing act between our marine biodiversity and the need for economic development through extractive industries like mining,” he added.

Pangu has seven MPs from the Morobe Province where the Wa -Golpu Project is located.

Wafi-Golpu Joint Venture’s Wissink commended the Pangu Pati Leader’s initiative, saying it was good to see MPs engage with the people on important issues.

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Mining Minister Tuke meets Einstein’s definition of insanity

Panguna, Porgera, Ok Tedi, Tolukuma all tell the same story – large-scale mining is a disaster for local communities and the environment.

And neither Frieda or Wafi-Golpu have yet come up with a credible plan for managing their toxic tailings – but heck, lets go ahead anyway… 

Govt adamant to get two new mines operating: Tuke

The National aka The Loggers Times | November 22, 2017

THE Government is adamant to get two new mines operating in this term of Parliament, Mining Minister Johnson Tuke, pictured, says.
Tuke, who is also the Kainantu MP said in Lae after returning from a familiarisation visit to the Hidden Valley mine and Wafi-Golpu exploration site in Bulolo, Morobe.
Tuke earlier visited the Porgera gold mine, K92 mine, Frieda River exploration site and the Ramu nickel mine.
He said under the O’Neill-Abel government’s 100-day plan, ministers holding economic portfolios were tasked to ensure their respective departments aligned their operations towards producing revenue for the Government and bail the country out from economic down turn.
“This government is doing the ground work to have at least two mines operating,” Tuke said.
“This government is fully committed.
“In this term of Parliament we will initiate something.
“The developers and landowners are also serious in having the mines off the ground.”
Tuke said the companies doing exploration at the Frieda and Wafi-Golpu sites have already submitted their proposals to dig for minerals. It was for the relevant government agencies to study their proposals and advise the National Executive Council to grant the miners special mining leases.
“Frieda has conducted exploration for the last 40 years or more,” he said.
“Last week, I was at Frieda and talked to the people there. Their response was positive.
“My visit there was to identify issues with the people and the company, so that I can better advice the Government so that it can make well informed decisions.
“That is the case with Wafi too.”

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Newcrest looking at marine waste dumping for Wafi-Golpu

Newcrest focusing on Wafi-Golpu

The National aka The Loggers Times | November 16, 2017

NEWCREST hopes to complete an update of Wafi-Golpu feasibility study by end of the March quarter next year, chairman Pater Hay says.
Hay said during the company’s annual general meeting on Tuesday that the company’s most advanced exploration project was the Wafi-Golpu project which he described as a “world-class copper-gold deposit in Papua New Guinea”.
Wafi-Golpu is an advanced exploration project located in Morobe and is owned by the Wafi-Golpu Joint Venture, one of three unincorporated joint ventures between Newcrest (50 per cent) and Harmony Gold (50 per cent), formed in 2008.
Hay said Newcrest continued to progress work at Wafi-Golpu, with focus on:

  • Assessing external and internal generated power options, in the company’s search for greater reliability and lower operating costs;
  • Comparing deep-sea tailing placements options to terrestrial tailings storage options; and,
  • Re-assessing block cave panels, size and processing capacity due to increased knowledge as a result of ongoing drilling.

“We are targeting completion of an update of the Wafi-Golpu feasibility study by the end of the March 2018 quarter. We will likely submit an amendment to the special mining lease application depending on the outcome of the study update,” he said.
“The timing of the first production is dependent on study outcomes and grating of the special mining lease.
“More broadly, brownfield exploration, brownfield expansions and de-bottlenecking offers some of the lowest-cost, lowest-risk and highest-return growth opportunities in our business.
“As has been stated in our annual report, we are currently pursuing initiatives and projects to add extra process capacity at Cadia and to increase mill throughput at Lihir.”

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Lihir Royalties on hold

Sally Pokiton | PNG Loop | November 15, 2017

temporary hold on royalty payments from Newcrest Mining Limited, has been ordered by the Waigani National Court today.

The people of Namatanai district, claim they have not received their share of royalties in the last 10 years, an amount that equates to K7 billion.

With the restraining order in place, only the Nimamar LLG and Lihir Landowners will receive their royalties this month.

Kavieng and Namatanai districts and the New Ireland Provincial governments will not receive any payments until parties present their case, on how much they should be paid, and get a clarity on the gures in court next month.

Member for Namatanai, Walter Schnaubelt and member for Kavieng Ian Ling Stucky led a case in the National court, against Sir Julius Chan as Governor for New Ireland Province Government, and Lamiller Pawut as Acting Provincial Administrator of New Island Province.

The sitting MPs are seeking clarity on all the past payments, and how much should have been paid between the New Ireland Provincial Government and the two districts as per the Lihir MOA.

They want an account of all those monies and how much should have been paid to them through the Provincial Treasury accounts.

Schnaubelt said the Provincial Government received K168 million under the governorship of Sir Julius Chan, from 2007 till now.

“I’m fighting for my people’s share. As a district, we never received our portion for the last 10 years. Hopefully the National Government can give us what we deserve initially, in accordance to the Lihir MOA, where Namanatani district is supposed to receive 20% of the Lihir royalties,” he said.

The Lihir Landowners and Nimamar LLG gets 50% payment. From the other 50%, Kavieng and Namatanai districts are to receive K20% each while the 10% is retained by the provincial government.

“The Lihir MOA was very clear, outlining the recipients but unfortunately, Namatanai district has not been receiving its share for 10 years, and that equates for K7 billion years, hence why Namatanai district is in the state its in, a total neglect.

“Hopefully all these corrective measures will now be put in place, and the challenge is now on me as member to deliver the services I promised during the election,” Schnaubelt said.

The two members believe the Lihir MOA is unfair, as royalties have been unfairly administered among the two districts, and they want an account to be given on the payments that should to be received on behalf of the two districts.

In the meantime, their royalty payments will be made to the National court trust accounts. Whether the orders will continue, that will be determined on December 4.

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Hidden Valley four month shut down ‘to end soon’

Harmony Gold haemorrhage at Hidden Valley

David McKay | Mining Mx | November 7, 2017

“This has been planned and communicated since we acquired and announced the investment plan in Hidden Valley,” said Lauren Fourie, a spokeswoman for Harmony Gold.

“The four month plant stoppage was due to the ore gap caused by delaying the stage 5 and 6 investment – a decision made when we still held Hidden Valley 50:50 with Newcrest.”

“The ore gap allowed us to do upgrade and maintenance work on the plant and crusher. But this was always planned for,” she said.

“Hidden Valley will start processing again at the end of November. The investment plan is on budget and on schedule.”

Harmony Gold bought Newcrest’s stake in the mine for $1 in 2016 with a view to developing it for $180m.

The acquisition of Newcrest’s 50% stake in Hidden Valley was the first substantive decision of Harmony CEO, Peter Steenkamp since his appointment in November 2015, along with a plan to high grade Kusasalethu and reduce its life of mine from 25 years to six.

Since then, however, it has become clear that Harmony is a company in significant transition.

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Will Papua New Guinea allow another mine to dump toxic tailings in the sea?

Landowners have previously opposed marine waste dumping in Papua New Guinea

Harmony Gold and Newcrest investigating marine waste dumping for Wafi-Golpu

Mining Review | 7 November 2017

The Wafi-Golpu Joint Venture parties continued to progress activity in line with the forward work plan previously communicated, including engagement with the PNG Government on the application for a Special Mining Lease (SML) for the Wafi-Golpu project.

The current study work is focused on assessing internally-generated power options, developing deep-sea tailings placement options to compare with terrestrial tailings storage options, and reassessing block cave levels and increased mining rates due to increased knowledge obtained from further drilling undertaken during the year.

The Joint Venture parties are targeting a complete update of the feasibility study by the end of the March 2018 quarter. The focus of this work is to further optimise the business case and confirm any amendments necessary to the supporting documents for the SML application.

Timing of first production is dependent on the updated study outcomes and the granting of the SML.

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Namatanai MP Schnaubelt queries Lihir Royalties

NBC News/PNG Today 

Namatanai MP Walter Schnaubelt has tasked the New Ireland Provincial Government to explain the whereabouts of his district’s share of mine royalties, as per an Agreement with the Lihir Gold Mine.

He says since the start of the mine’s operations in 2007, his District has not received its 20 per cent share of the funds.

Mr Schnaubelt told NBC Radio the New Ireland Government must furnish expenditure reports of the payments.

“The concern now is the 50% portion blong New Ireland Provincial Government which is responsible to dispatch 20% to Namatanai district and 20% to Kavieng district na 10 percent is retained by the provincial government blo administration purposes.

“Orait, the provincial government component paid to date is K264m and you know since 2007 i kam nao, Namatanai district and Kavieng district have missed out on their 20% share.”

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