Judicial Review Proceeding Related to Wafi-Golpu Joint Venture Dismissed- Says NCM

  • Feb 12, 2020 AEDT
  • Team Kalkine

Newcrest Mining Limited (ASX:NCM) announces that the judicial review proceeding between the Governor of Morobe Province and the Independent State of Papua New Guinea concerning the Wafi-Golpu Project (WG) MoU, has been dismissed by the National Court sitting in Lae, PNG.

  • Minister for Mining (PNG) advised that WGJV had withdrawn its support for the MoU, and as a consequence, the stay order restricting the WGJV partners from engaging in discussions with the State of PNG has been lifted; and,
  • The company now looks forward to re-engaging with the State of PNG to re-discuss the Special Mining Lease for WGJV.

 

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