Newcrest Mining Limited: Newcrest Signs New Compensation, Relocation and Benefits Sharing Agreements at Lihir
Melbourne, Australia (Newsfile Corp. - December 22, 2020) - Newcrest Mining Limited s (ASX: NCM) (TSX: NCM) (PNGX: NCM) wholly owned subsidiary Lihir Gold Limited ( LGL ) has completed the signing of new compensation, relocation and benefits sharing agreements with the mining lease area landholders at its Lihir gold mine in New Ireland Province, Papua New Guinea ( PNG ).
The comprehensive review of the previous agreements conducted over several years was sanctioned by the National Governments Mineral Resource Authority and identified a range of key improvements to previous agreements.
The new agreements enhance socio-economic development outcomes for landholders and enable benefits to be distributed directly to their intended beneficiaries. The agreements enable efficient and transparent distribution of compensation and benefits, without a material increase in quantum.
Newcrest Signs New Compensation, Relocation and Benefits Sharing Agreements at Lihir
Newcrest Mining Limited’s wholly owned subsidiary Lihir Gold Limited has completed the signing of new compensation, relocation and benefits sharing agreements with the mining lease area landholders at its Lihir gold mine in New Ireland Province, Papua New Guinea .The comprehensive review of the previous agreements conducted over several years was sanctioned by the National Governments Mineral Resource Authority …
Newcrest Mining Limited’s (ASX: NCM) (TSX: NCM) (PNGX: NCM) wholly owned subsidiary Lihir Gold Limited (“LGL”) has completed the signing of new compensation, relocation and benefits sharing agreements with the mining lease area landholders at its Lihir gold mine in New Ireland Province, Papua New Guinea (“PNG”).