Government grants a Special Purpose Lease to Newcrest subsidiary Lihir Gold Limited
In Port Moresby recently, the Papua New Guinean Government handed over a Special Purpose Lease (SPL) to Lihir Gold Limited (LGL), a wholly-owned subsidiary of Newcrest. The granting of the lease allows LGL to further develop the Londolovit Township, located on Lihir Island. Mr John Rosso, the Minister for the Department of Lands and Physical Planning, handed over the SPL to LGL and said, “On behalf of the Department, I