Harmony Gold Pursues Mediation to Advance Wafi-Golpu Project in Papua New Guinea
Harmony Gold is seeking mediation to resolve an 18-year deadlock on the Wafi-Golpu gold and copper project in Papua New Guinea (PNG). The project, crucial to Harmony's mineral resources, requires a special mining lease (SML) to proceed, which has faced delays. PNG Prime Minister James Marape has assembled a project review team to investigate the stalling issues. Harmony aims to commence production by 2031, contingent on obtaining the SML and completing necessary feasibility studies.
Harmony Gold is pursuing mediation to overcome an 18-year delay in the development of the Wafi-Golpu gold and copper deposit in Papua New Guinea, crucial to its mineral resources. A memorandum of understanding was signed in 2023 between Harmony and Newmont to secure a special mining lease (SML), required for project advancement.
AI-curated by TheiaPNG Prime Minister James Marape has initiated a project review team to address the stalled progress. If awarded the SML this year, production may not begin until 2031, following updated feasibility studies. Wafi-Golpu is projected to yield 125,000 ounces of gold and 90,000 tons of copper annually, significantly enhancing Harmony's copper output.
Comments