Papua New Guinea’s Internal Revenue Commission has received a record K852 million tax instalment payment from Newmont’s Lihir Gold Limited. This represents one of the largest corporate tax payments in the nation’s mining history. The payment is the first instalment of taxes due from the Lihir mine’s operations. Details of the payment were reported from Denver, Colorado, where Newmont representatives were present. The substantial tax revenue is expected to contribute significantly to the PNG government’s budget. Further information regarding this payment is behind a paywall on the Post Courier website. The news highlights the economic impact of the Lihir gold mine on Papua New Guinea.