PNG Lihir Gold Mine sees 5pc increase in gold production

Gold production at Papua New Guinea Lihir Gold Mine was five per cent higher in the current period than the half-year ending in Dec 2017, according to Newcrest’s half yearly results released in Australia yesterday.
Executive general manager people and external affairs Ian Kemish congratulated the company’s workers for their hard work and commitment to safety and sustainability.
“Lihir’s transformation continues to firm up the company’s position as a world-class gold mine, working to safely and sustainably increase production,” he said.
“Central to this is the company’s continuing commitment to the safety, health and development of our 5000 PNG workforce at the mine.
“Our recruitment, training and localisation strategy aims to build the capacity of Newcrest’s Lihirian and PNG workforce.
“Through comprehensive training of the company’s employees, we ensure safety, productivity and efficiency standards are continually improved.”
Chief executive Sandeep Biswas congratulated mine manager Iso Ealedona and his team for reaching the major safety milestone of five years without lost-time injury at the mine.
The company’s strong business performance also generates social and economic benefits for local communities and across PNG.
“Lihir’s good performance translates into significant contributions to PNG Government revenue,” Biswas said.
“In FY2018, Newcrest contributed about US$377 million to the national account through acquisition of K1.18 billion of currency.
“This makes us one of the largest contributors of foreign exchange to PNG.
“Gold production at Lihir in FY2018 translated into K181 million in taxes to the Government, and K88 million in royalties flowing to national, provincial and local governments, and directly to lease landowners.
“We also invested K42 million in infrastructure, including schools, roads, bridges and Lihir airport, the Lihir Medical Centre, education, and water and sanitation.”

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