Newmont Corporation has expressed support for Papua New Guinea’s (PNG) state equity model in mining projects, specifically regarding the Wafi-Golpu mine. Peter Toth, a Newmont representative, stated the model is viable but necessitates substantial long-term capital commitment from the PNG government. This commitment must extend over multiple decades to ensure project success and sustainability. The statement comes as negotiations for the Wafi-Golpu mine, a significant resource project, approach completion. Newmont’s position highlights the need for PNG to demonstrate a sustained financial dedication to benefit from state ownership in mining ventures. Further details of the agreement remain undisclosed, pending finalization of negotiations. The article is behind a paywall on the Post Courier website.