The signing was attended to by the Governor General, the Prime Minister and key members of his cabinet, as well as the Governor of Morobe Province.
The MoU represents a substantial step forward in progressing and signing a Mining Development Contract for Wafi-Golpu and confirms the parties’ intent to proceed with the project, subject to finalising the permitting process and approvals of both the Newcrest and Harmony Boards.
The MoU sets out key terms to be included in the Mining Development Contract, which is a prerequisite for a Special Mining Lease (SML), including: