Newcrest Mining

During the joint press conference on 6 November 2023 Chief Development Officer of Newmont, Peter Toth and Prime Minister James Marape welcomed the company.

PM Marape shared the significance of this corporate transaction as Newmont assumes control of all Newcrest operations in Papua New Guinea including the Lihir mine in New Ireland and the Wafi-Golpu project in Morobe.

"It adds value to Papua New Guinea's global branding as an investment destination. What this country effectively has now is the world's number one gold company”, said Marape.

These issues were raised in a Memorandum of Understanding (MOU) signed by tenement landholders, relocated family groups and surrounding communities in December 21, 2020.

The parties involved in this collaboration include the New Ireland Provincial Government, the Namatanai District Administration, Nimamar Local Level Government, as well as the United and Catholic Churches (who are also Tenement landholders).

The trip, sponsored by Newcrest Mining, will be a first for the Hunters, presenting an opportunity to visit one of the world’s largest tier-one gold mining operations. The Hunters are on bye the following weekend.

Whilst at Lihir the team will tour the geothermally active mine site and processing plant, witness a blasting operation at the mine pit and meet the workforce.

The Hunters will also participate in safety and leadership sessions with the workforce and the Lihir Rugby Football League Association, and run on-field coaching sessions with local students.

Newcrest Mining, Australia’s largest gold producer, was among several companies that participated in the recent 2023 Australia Day Twilight Fair Expo in the nation’s capital.

More than 400 guests and exhibitors gathered to celebrate and showcase the strong, modern and vibrant relationship between Australia and Papua New Guinea.

Newcrest, as one of the largest Australian corporate investors in PNG, was also proud to have supported the event as a sponsor.

A scholarship scheme set up aims to increase the number of female teachers specialising in teaching Math and Science subjects.

The scheme comes under the "Boosting Education Standards Together" (PNG) programme led by the Department of Education and non-profit organization Save the Children Fund as the grant agent. Nine of the 10 students are attending St. Peter Channel Catholic College (SPCCC) in Kokopo, East New Britain Province. The other is attending the Pacific Adventist University in Port Moresby.

Newcrest has been a sponsor of the program for several years, however, in 2021 has doubled its support from two scholarships to four and has committed to providing the additional funding for the next three years.

The delivery included items such as thermometers, stethoscopes and wheelchairs.

Acting CEO of the New Ireland Provincial Health Authority, Dr Joachim Taulo, thanked Newcrest Mining for continuing to support the province.

“We are better equipped to cope with the pandemic due to the regular deliveries of equipment and medicine from Newcrest, which will benefit the people of New Ireland.”

Newcrest’s K20 million Community Support Fund will initially be directed towards increasing the availability of medical care and equipment to cope with the crisis, as well as assisting in the provision of other essential goods and services in communities that host the Company’s activities.

Newcrest Managing Director and CEO, Sandeep Biswas, said Newcrest has always taken its responsibilities as a corporate leader in Papua New Guinea seriously and the Company was committed to supporting the government and the community in managing this crisis.

This follows a recent renewal audit.

BARS was developed by mining resource companies and the Flight Safety Foundation to establish a common safety audit standard for suppliers of aviation services to the resource industry.  

It provides industry companies with the level of safety assurance they require, measured against very stringent standards.  

Only eight audit companies worldwide are approved to perform BARS audits.