Newcrest Mining Limited

A step in environmental management

Lihir’s environment department, through its Environment Management System (EMS) team and SAI Global, led the transition audit.

ISO14001:2015 is the international standard that specifies requirements for an effective Environment Management System. It provides a framework that focuses on the overall business performance of the operation and looks at enhancing environmental efficiencies (i.e waste minimisation) in all processes.

Significant economic benefits generated: Newcrest

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.

Over 5 million oz gold in Golpu reserve

This is reaffirmed in an ‘Updated Wafi-Golpu Feasibility Study’ dated 19th March 2018.

In a market release to the Port Moresby Stock Exchange (POMSOX), Newcrest Mining Limited says this estimate is materially in line with previous estimates.

Newcrest, who has 50 percent interest in the project, says this reflects updated long-term cost and metal price assumptions and optimised designs in the Golpu Feasibility Study Update.