News

Hidden Valley MOA under review

Parties tothe Hidden Valley Gold Mine are meeting in Lae this week to reviewthe Project Memorandum of Agreement.

The initial MOA which is going to be reviewed was signed in August 2005.

The parties arethe State, Nakuwi Association, Morobe Provincial GovernmentoMorobe Consolidated Goldfields, Wau LLG, Watut Rural LLG and Wau Belolo urban LLG. The State team comprises Mineral Resources Authority asthe lead agency.

The meeting is expected to discuss major issues including royalties, special support grantoBusiness spin-offs, employmentoinfrastructure projects and environment among thers.

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