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Newcrest updates to New Ireland on mine

Admin | 12:52 AM |
 Newcrest Mining Limited chief executive officer Sandeep Biswas last week led a group of executives to Kavieng to provide a quarterly briefing to the New Ireland provincial government.
The group included the general manager of the Lihir Gold Mine Craig Jetson, PNG country manager Peter Aitsi, Newcrest Tax Credit Scheme manager Jonathan Hardy.
The New Ireland Provincial government said in a statement this was the most senior Newcrest delegation to brief the Provincial Executive Council.
The statement said the briefing consisted of an update on the performance of the Lihir gold mine in the past fiscal year and prospects for future performance. “The mine has steadily increased production over the last year and is projected to produce over 800,000 ounces in 2016,” it said.
It said the Newcrest Tax Credit Scheme had funded nearly K100 million worth of projects in New Ireland from 2013.
The projects included investment in education and infrastructure developments.
Work has been done on the Lihir High School, Manggai and Mongop High Schools, Utu Secondary School, Nasko, Tanir High Schools and Konomatalik Secondary.
Major road works have been carried out on Kavieng town roads and the Namatanai town roads.