NCM 0.85% $23.24 newcrest mining limited

News: NCM Papua New Guinea partners with Shenzhen Energy for hydropower project

  1. 115,866 Posts.
    lightbulb Created with Sketch. 1383

    Feb 23 (Reuters) - Papua New Guinea announced on Tuesday an implementation agreement with a consortium led by Chinese power generator Shenzhen Energy 000027.SZ for a 180 megawatts hydropower project on the Ramu river.

    The Ramu 2 hydropower project will cost $902 million and boost Papua New Guinea's national power generation capacity by 33%, William Duma, the country's minister for state enterprises, said in a statement.

    The consortium will now be able to enter a power purchase agreement with PNG Power Ltd, the state-run electricity provider, the statement added.

    The project will be implemented via a public-private partnership between the government and the consortium, whereby the assets and the operations of the project will be handed over to the government after a 25-year term.

    The Ramu 2 project is also aligned with the schedule for the Wafi-Golpu copper and gold project, Duma said. The Wafi-Golpu project is partially owned by Australia's top independent gold producer Newcrest Mining (NCM) .

 
watchlist Created with Sketch. Add NCM (ASX) to my watchlist
(20min delay)
Last
$23.24
Change
-0.200(0.85%)
Mkt cap ! $18.97B
Open High Low Value Volume
$23.31 $23.63 $23.09 $67.47M 2.883M

Buyers (Bids)

No. Vol. Price($)
4 7207 $23.20
 

Sellers (Offers)

Price($) Vol. No.
$23.25 36968 3
View Market Depth
Last trade - 16.10pm 05/03/2021 (20 minute delay) ?
(live)
Last
$23.20
  Change
-0.200 ( 0.89 %)
Open High Low Volume
$23.32 $23.60 $23.09 742481
Last updated 15.59pm 05/03/2021 (live) ?
NCM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.