In a statement, Minister Maru said the proposed merger will have potential implications for PNG’s capital market as Newmont “has no current plans to maintain current listing list on our exchange”.
Papua New Guinea’s national stock exchange said Newcrest is an important listing on PNGX, representing the company’s commitment to the country from which it extracts significant resources.
“PNGX would welcome a continued listing of these assets following completion of the merger with Newmont for similar reasons,” said PNGX chairman, David Lawrence.
