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Australia's Newcrest says PNG gold project discussions back on track

Feb 11 (Reuters) - Australia’s Newcrest Mining Ltd said on Tuesday the stay order restricting discussions with Papua New Guinea (PNG) over the Wafi-Golpu project mining lease has been lifted.

PNG said in September it wants to keep 40% of gold produced from the proposed Wafi-Golpu project, creating a hurdle to an agreement with co-owners Newcrest Mining and Harmony Gold .

Newcrest and Harmony look forward to re-engaging with PNG and progressing on discussions about the special mining license, Australia’s largest listed gold miner said in a statement. (Reporting by Niyati Shetty in Bengaluru; Editing by Muralikumar Anantharaman)

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