JOHANNESBURG (miningweekly.com) – The Wafi-Golpu joint venture (WGJV) on Thursday submitted an application for a special mining lease (SML) for its gold/copper/silver project in Papua New Guinea.
The WGJV is one of three unincorporated JVs between subsidiaries of Australia’s Newcrest (50%) and South Africa’s Harmony Gold (50%), formed in 2008.
The application follows the review of a project feasibility study, with further work now being undertaken to optimise the study outcomes and incorporate additional data.
The future development of the project will ultimately be subject to approval by the miners’ boards, market and operating conditions, the grant of an SML and obtaining all necessary permits, approvals and agreements required from the local government, landowners and other stakeholders.