Significant economic benefits generated: Newcrest

Newcrest Mining Limited revealed they have generated significant economic and social benefits across PNG.

This includes K85 million in royalties and K156 million paid in taxes amongst multi-million kina investments public infrastructure and salaries to its five thousand local employees.

These figures were revealed in the company’s 2017 Sustainability report released last month.

The report also states Newcrest’s commitment as a development partner for PNG to expand with further progress toward the Wafi-Golpu Project.

In addition, Newcrest’s national socio-economic development support strategy aims to increase support towards the country’s national development aspirations in areas such as women’s empowerment, education and health and the environment.

Carolyn Ure