Normal operations resumed last night, 28 August, at the Lihir mine following resolution of a dispute lodged by the landowners' association, LMALA, which required production be suspended on Sunday night. A meeting was held yesterday involving stakeholders including the landowners and representatives of government. The parties have defined a pathway to resolve the causes of the dispute and agreed to work in a renewed spirit of cooperation to conclude the review of the Integrated Benefits Package. Mining operations have recommenced and the processing plant is ramping up.
NCM Price at posting:
$26.47 Sentiment: LT Buy Disclosure: Held