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.
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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.
PNG 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.
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