Senior executives of Harmony Gold Mining have affirmed the company’s investment and commitment in Papua New Guinea.
This follows a visit by two of its executive team from Harmony’s offices in South Africa who had also met Prime Minister James Marape in recently in Port Moresby.
The team was led by Harmony’s Financial Director Boipelo Lekubo and Senior Group Executive Marian van der Walt who spoke highly of the company’s investment in and around Morobe province. “Harmony though its subsidiary companies own the Hidden Valley Mine and 50% of the Wafi Golpu project”, said Ms Lekubo.
Lekubo also announced that significant capital works associated with the Hidden Valley Mine life extension are presently underway and Harmony will continue to assess further investment opportunities in PNG.
As of 31 December 2021, the Hidden Valley Mine paid an aggregate K179.4 million in royalties. However, Ms Lekubo said with many in the industry are experiencing, stakeholders increasingly wish to understand what Harmony doing environmentally, socially and in terms of governance.
“Responsible Stewardship is a key pillar underpinning Harmony’s operating philosophy which is mining with purpose. The principles of sustainable development is embedded in our business”, said Ms Lekubo.
Lekubo also expressed that Harmony s proud to support PNG businesses including landowners. “We understand that preferential procument is a national imperative in countries like Africa and Papua New Guinea.
The Harmony Executive said, the mining company is committed to responding to climate change and has announced its plans to achieve Net Zero carbon emission by 2045. “This commitment will influence our energy choices and approach when developing the mine projects going forward”, said Lekubo.
The mining company pledged its support and encourage the Papua New Guinea Government to work together under this difficult economic times. Ms Lekubo said Harmony looks forward to concluding the permitting of the Wafi Golpu project to enable and create shared values for all stakeholders.
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