28 Dec 2011

PNG gold miner details what its operation is worth to the country

3:00 pm on 28 December 2011

The operators of the Hidden Valley gold mine in Papua New Guinea's Morobe Province say the project has contributed 244 million US dollars to the PNG economy in the past financial year.

Morobe Mining Joint Ventures says 56 percent of this went on goods and services in Morobe Province.

It says tax and wages each took 6 percent, royalties two percent and community projects three percent.

The mine has over two thousand four hundred employees and contractors, most of whom are Papua New Guineans and the majority from Morobe.