PNG Economy to gain from Wafi Golpu

PNG Economy to gain from Wafi Golpu: PM

Papua New Guinea will gain over 55 percent economic value in benefits, from the Wafi Golpu project, said Prime Minister (PM) Hon James Marape yesterday in Lae.

The PM said this in his address to landowners and stakeholders of the Wafi Golpu project, who gathered at the Sir Ignatius Kilage Indoor stadium, for the project’s stakeholders consultative meeting.

He said the value would come in the form of equity, tax, royalties, development levies and spin off businesse.
“This simply means that for every K1.00 worth of resource, harvested in the mine, PNG will get K0.55t, and company will get K0.45t.”

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