Landowner and community benefits governed by 3 key agreements.

  1. Mining Development Contract
  2. Memorandum of Understanding (MOU) between Government, landowners and community covering royalty distribution,overnment commitments e.g. infrastructure
  3. Integrated Benefits Package (IBP) First signed in 1995 and to be reviewed every 5 years between Lihir Gold Limited, landowners and community covers:
Stakeholder visions and governance
Compensation and relocation
Commercial opportunities 
Community development/capacity building
Infrastructure projects
Environmental stewardship and mine closure planning

Latest Lihir Agreements review underway:

Lihir Agreements Review Committee established
Objective is to reach a long-term agreement 
Getting it right is more important than getting it done by a certain time 
Benefits continue to be provided under the current agreement
 

Note: Extract from : http://www.newcrest.com.au/media/presentations/2014/FINAL_Lihir_2014_PNG_Mining_and_Petroleum_Investment_Conference.pdf

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