Lihirian Wages Sample Clauses

Lihirian Wages. At December 2004, about 390 Lihirians were employed on a full time basis with LMC. A Lihirian salary averages about K25,000 per annum. Assuming a 15% increase in Lihirian employee numbers during the next five years, this would bring the number of Lihirian employees in 2008 to about 450 with an annual income totalling some K11,250,000. During the five year budget cycle of the CSDP, the Lihirian wage income would approach K50,000,000 for the period. In addition, about 70% of the contractor workforce of about 1,900 are Lihirians. Assuming an annual income of K15,000, this equates to an annual income of about K20,000,000 in total or over the five year budget cycle about K 100,000,000. These income data show a Lihirian income per capita of about K23,200 compared to the National average of K2,000. Lihir Management Company Limited December 31, 2004 Lihir Gold Mine — Mine Closure Plan Update 2004
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Related to Lihirian Wages

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