The Wafi-Golpu project is owned in a 50:50 unincorporated joint venture between subsidiaries of Harmony and Newmont. This Tier 1 asset is one of the world’s largest copper-gold block cave projects and it makes up approximately 45.5% of Harmony’s total Mineral Reserve.
The proposed mine site sits at an elevation of approximately 400m above sea level in moderately hilly terrain and is located near the Watut River, around 30km upstream from its confluence with the Markham River. The city of Lae will host the project’s import and concentrate export facilities.
Key facts
Location:
Papua New Guinea
in Morobe Province, approximately 65km southwest of Lae, the second largest city in the country
Status
Permitting
currently undeveloped greenfield deep-level copper-gold block cave project
Planned Nature of mining
Block caving
with multi-cave options
Planned Life-of-mine
26 years
with potential to extend to 40 years
Harmony South East Asia
Tel: +61 7 3320 3700
Fax: +61 7 3320 3740
Address
Level 2, 189 Coronation Drive
Milton, Queensland 4064
Australia
PO Box 1562
Milton, Queensland 4064 Australia
Current focus
- We continue negotiations with the Papua New Guinea State to secure the mining development contract and the special mining lease
- Re-establish project delivery capability, validate 2018 feasibility study and start early works
For more information, refer to:
Performance forecast
Forecast Annual
Gold Production
250 000oz
Forecast Annual
Copper Production
180 000t
Gold Grade
0.86g/t
Copper Grade
1.2%
Reserves and resources
Gold and gold equivalent Mineral Reserves
14.9Moz
Gold and gold equivalent Resources (inclusive)
31.6Moz
Copper Mineral Reserves
2.3Mt
Copper mineral Resources (inclusive)
4.3Mt
Building a sustainable future in Papua New Guinea
Over the past 20 years, we have invested billions of kinas into Papua New Guinea. This investment reflects our belief in the country’s future and our deep respect for its people.
