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History
The Namosi area has been explored and studied for potential mining for over 40 years.
The Namosi Joint Venture (NJV) was established in 2008 and is currently focused on searching for copper and gold deposits.
The joint venture exploration area includes the Waisoi copper-gold deposit, the mineralised Waivaka Corridor, the Wainambama copper-gold prospect and a portfolio of early stage exploration targets.
Ownership
The NJV is a joint venture between Newcrest (Fiji) Limited, Mitsubishi Materials Corporation and Nittetsu Mining Co. Newcrest’s interest is 71% and it is the operator and manager of the NJV.
The Waisoi Project
The Waisoi Project is a copper and gold project in the pre-feasibility phase. If approved and developed it would include open pit mining to produce a copper concentrate with gold by-products for export.
Namosi October 2015
Location
The Namosi exploration area is located west of Fiji’s capital Suva, on the island of Viti Levu.
NAMOSI FIJI
www.newcrest.com.au
Mission To deliver superior returns from finding, developing and operating gold/copper mines.
Vision To be the Miner of choiceTM. We will lead the way in safe, responsible, efficient and profitable mining.
An Environmental Impact Assessment (EIA) is underway to assess potential social and environmental impacts of the proposed Waisoi project. The EIA will also recommend mitigation measures and outline management plans.
The EIA process will help the Fiji Government decide if the proposed Waisoi project can be built in an environmentally acceptable manner. A key component of the EIA is the social impact assessment which will consider potential impacts, mitigation measures and opportunities.
If the Fiji Government’s decision is positive, the NJV will determine if the proposed Waisoi project can be operated safely and economically, and in an environmentally sustainable way.
Environment
The NJV has an environmental management plan in place to manage impacts of its ongoing exploration activities. Environmental baseline studies are underway in the project area as part of the EIA process.
Safety and health
The NJV is committed to the safety and health of all people involved in the business. All activities are undertaken in accordance with the NJV Health and Safety Management Plan.
Local hiring, training and development
The NJV employs local people where relevant skills and experience are available, and provides appropriate training and development.
Economic contribution
The NJV contributes to the Fiji economy and local communities in a number of ways including through engagement of services, employment, payment of rents and rates to the Government, payment of compensation to local landowners, and implementation of community and educational assistance programs.
More details can be found on the NJV website www.njv.com.fj
CONTACT
Newcrest Corporate Affairs
T: + 61 3 9522 5593 E: [email protected]
www.newcrest.com.au
