Newcrest

Newcrest’s financial report

The Lihir Gold Mine in New Ireland Province, which is one of the largest known gold deposits in the world, contributes to the PNG economy in multiple ways, including through taxes and royalties, employment, investment in infrastructure and services, and purchasing goods and services from local suppliers.

Lihir’s first female fire truck operator

The 28-year-old Lihirian woman – emergency response officer – Joanne Jack, was ecstatic when she successfully completed a 10-day defensive driver training in December 2017 with 10 male colleagues from Lihir’s Emergency Response Team (ERT).

​Local makes history at mine

From Misima in Milne Bay Province, Ealedona is a seasoned mining engineer with over 22 years of experience in the industry both in PNG and abroad. 

In a statement, Newcrest PNG says: “His appointment marks an important milestone in Newcrest’s commitment to increase participation from the communities in which Newcrest operates, to build local skills and support community development.”

Sports tournaments for Lihir staff

Dubbed the ‘Trupla-man, Trupla-meri’ Tournaments after its anti-violence brand, four different sports competitions will be held for the 4,500 workforce of the Lihir Mine.

During its launching, general manager mining & processing, Michael Drake, said the wellbeing of employees and business partners is fundamental to the success of the Lihir operation. This is why the management encourages and supports activities and initiatives that invest in the safety and welfare of the workforce.

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.

Newcrest partners with Telstra to deliver O3b high-speed broadband

The partnership was made possible through Telstra’s new 100 megabits per second (Mbps) satellite link to the Lihir gold mine in New Ireland Province, Papua New Guinea.

The new medium-earth-orbit (MEO) satellite link, which has increased bandwidth to Lihir by over 600 per cent, is the result of a partnership between Newcrest, Telstra and satellite service provider O3b Networks.

“Newcrest is proud to make use of this innovative new service to significantly improve the network experience at Lihir”, said Chief Information Officer, Gavin Wood.

30-year life span estimated for Wafi-Golpu

Executive project director of the Wafi-Golpu Joint Venture, Bryan Bailie, said this during the PNG Chamber of Mining and Petroleum Conference in Sydney early this month.

According to Business Advantage PNG, Bailie says the project could be ‘multi-generational’ and has the potential to be a ‘long duration sustainable mining operation’ that could last ‘28 to 35 years or more’.

If developed, the mine will be the largest underground mine in PNG and the first green field mine development since the Hidden Valley mine commenced in 2009.

Harmony to own Newcrest PNG 1

Newcrest PNG 1 Ltd is a 100% owned subsidiary of Newcrest that holds 50% interest in the Hidden Valley Joint Venture including the Hidden Valley mine.

Newcrest in a statement to PomSox announced the agreement of the sales of the entity.

Completion of this sale is conditional upon the receipt of any required South African regulatory approval.

Newcrest has also signed an agreement to sell its 50% interest in certain regional exploration tenements proximate to the Hidden Valley mine to Harmony.

Death halts gold mine operations temporarily

 

In a statement, Newcrest says it is deeply saddened by this incident and staff are working with the management of Hidden Valley to understand the circumstances.

The gold mining company said an investigation is underway.

The company expressed  condolences and support for the employee’s family, friends and colleagues at the Hidden Valley operation, during this difficult time.

This will be the second incident in little over a month where a Newcrest mine in the country has been forced to suspend production.