Newcrest Mining Operations Supports PNG's Path to National Economic Growth
PNG's New Ireland Governor Sir Julius Chan and Mining Minister Hon. Johnson Tuke recently visited Lihir Island to attend the first Provincial Executive Council (PEC) meeting for the year.
Present at the meeting were members of the Nimamar Rural Local Level Government, members of the Provincial Implementation Committee, the LLG Administration and landowner representatives.
Lihir Operations General Manager Chris Jordaan said Newcrest Lihir will continue to work with the government to fulfill their development aspirations. “Your visit is an indication of the strong partnerships we have and the importance of working continuously on building our relationship for the benefit of our stakeholders – importantly the people of Lihir and New Ireland Province. We are aware of the major challenges facing this province and we stand committed to work together with all tiers of government, based on transparency, accountability and good governance”.
As an indication of the support to the Provincial and National Governments, during FY2019, Lihir paid K82 million to landowners and New Ireland Provincial Government and a further K151 million in tax contributions, which included K128 million in salaries and wages tax.
This is a testament to the hard work of Newcrest’s Papua New Guinean employees who took home K228 million in salaries and wages to their families.
Lihir’s workforce includes ~ 5,000 employees and contractors, approximately 90 per cent of which are Papua New Guinean.
Lihir also generated significant flow on benefits for the PNG economy by engaging 105 Lihirian companies and 351 other Papua New Guinean companies to provide a wide range of good and services, which amounted to payments of K810 million in the same period.
In addition to taxes, royalties, employment opportunities and supporting local companies, Newcrest is one of the single largest contributors of foreign exchange to PNG.
In FY2019 the operations contributed ~USD$361 million to the national account through acquisition of K1.22 billion of foreign currency.
In closing, General Manager Chris Jordaan added “We strongly believe that a strong mining industry has a vital role to play in achieving the visions and development aspirations of the government of PNG, New Ireland Province and especially for Lihrians who continue to support the mine operations.”
Read more on > Pacific Mining Watch
Present at the meeting were members of the Nimamar Rural Local Level Government, members of the Provincial Implementation Committee, the LLG Administration and landowner representatives.
Lihir Operations General Manager Chris Jordaan said Newcrest Lihir will continue to work with the government to fulfill their development aspirations. “Your visit is an indication of the strong partnerships we have and the importance of working continuously on building our relationship for the benefit of our stakeholders – importantly the people of Lihir and New Ireland Province. We are aware of the major challenges facing this province and we stand committed to work together with all tiers of government, based on transparency, accountability and good governance”.As an indication of the support to the Provincial and National Governments, during FY2019, Lihir paid K82 million to landowners and New Ireland Provincial Government and a further K151 million in tax contributions, which included K128 million in salaries and wages tax.
This is a testament to the hard work of Newcrest’s Papua New Guinean employees who took home K228 million in salaries and wages to their families.
Lihir’s workforce includes ~ 5,000 employees and contractors, approximately 90 per cent of which are Papua New Guinean.
Lihir also generated significant flow on benefits for the PNG economy by engaging 105 Lihirian companies and 351 other Papua New Guinean companies to provide a wide range of good and services, which amounted to payments of K810 million in the same period.
In addition to taxes, royalties, employment opportunities and supporting local companies, Newcrest is one of the single largest contributors of foreign exchange to PNG.
In FY2019 the operations contributed ~USD$361 million to the national account through acquisition of K1.22 billion of foreign currency.
In closing, General Manager Chris Jordaan added “We strongly believe that a strong mining industry has a vital role to play in achieving the visions and development aspirations of the government of PNG, New Ireland Province and especially for Lihrians who continue to support the mine operations.”
Read more on > Pacific Mining Watch
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