Australia - Newcrest Mining buys 30 % of development I pray in Papua New Guinea

The biggest mining company of golden development of Australia, Newcrest Mining, has acquired 30 % of the rights of development of a new project in Papua New Guinea along with the mine-layer South Africa's Harmony Gold Mining.

Newcrest Mining reported today in a bulletin that he has paid 230 million Dollars (150 million Euros) for the buy and he will be able to acquire up to 50 % of the project until the date of the first production.

The project, which works will begin in the middle of 2009, includes the gold-mines and silver of Hidden Valley, the deposit of Wafi-Golpu and more than 3.400 square kilometers of area in property.

08-08-2008 EFE

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