Economy Rise

Lihir’s Input To Economy Rise

Despite the difficult operating environment, Newcrest is pleased to report a continued significant contribution to the PNG economy. There has been an increase in the overall contribution to the Government revenue in the last financial year (year ending 30 June).

Newcrest contributed K80 million in corporate tax, and K203 million in additional taxes such as salary and wages tax, production levy and customs and excise taxes. For the year ending 30 June 2021, Lihir paid K99.6 million in royalties.