Wafi-Golpu Joint Venture (WGJV)

Wafi-Golpu Injunction lifted

This follows the dismissal of a judicial review proceeding between the Governor for Morobe Province and the PNG Government in relation to the Wafi-Golpu Project Memorandum of Understanding, by the National Court in Lae on February 11th.

According to a statement by Newcrest Mining, Mining Minister, Johnston Tuke, advised the WGJV partners that the State has withdrawn its support for the MOU, and instructed lawyers to take steps to set aside the stay order and terminate the judicial review proceeding.

Wafi-Golpu MOU to be eliminated

Prime Minister James Marape revealed this at the Back to Business Breakfast event in Port Moresby.

The MOU signed in December 2018 established the framework for the parties to progress the permitting of the Wafi-Golpu Project ‘as quickly as practicable’ with a view to achieving a Special Mining Lease by 30 June 2019.

However, the Morobe Provincial Government rejected the move, taking the matter to court and stalling the Wafi-Holpu Mine from maturing.

Prime Minister Marape revealed to the business community that the MoU would be eliminated.

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.