Place your Ad Here!
Bill Aids in Mine Reopening
by PNG Business News - April 19, 2021
According to Mining Minister Johnson Tuke, the Mining (Amendment) Bill 2020, which was passed by Parliament last year, led to the contract agreement recently signed by the Government and Barrick Niugini Ltd to reopen the Porgera gold mine.
The Mining (Amendment) Bill 2020 was passed by Parliament, allowing the government to invest in the production of the country's natural resource ventures.
The Bill was intended to provide the State with a legal basis for applying for a tenement and developing a mine.
Johnson stated at the time that the Bill was intended to provide a legal framework for the State to reserve property that was the product of an extended, abandoned, revoked, or relinquished tenement for which the State had made a new application.
Tuke questioned whether the modification aided negotiations on the proposed Porgera deal, saying, “That also had a reference to it. But sometimes we have to change the culture of conducting business. Our conduct of business in mining has to be in the international context. The former and the colonial way of conducting business must change, and we apply the national principles of conducting business. What has happened is not a surprise. Most of our mining operations are subscribed under the Mining Act 1992.”
Tuke added in the PNG context, “we are playing a catch-up game.
“We have got to be on par.”
Meanwhile, Motsy David, the State's first assistant secretary, said the state never kept track of how many natural resources were exported.
“In the 70s and 80s, we never monitor how (much) gold went out,” David said.
“We only relied on (information) the company was supplying. We believe that information like (the) Bible.”
PNG Business News - February 23, 2021
St Barbara Transitions from Mining Oxide to Sulphide
St Barbara Ltd’s Simberi operations in New Ireland is set to transition from mining oxide ore to sulphide. The mine which has been producing gold since 2009 said that its social and environmental impact studies (SEIS) are presently being finished for submission to the Conservation and Environment Protection Authority (Cepa) and Mineral Resources Authority (MRA) in March.Sulphide mining is predicted to extend its mine life for at least another 10 years and produce more benefits for stakeholders.St Barabara managing director and chief executive Craig Jetson said, “We are at an important stage of operations at Simberi, as we continue to productively mine the oxide deposit and plan for a bright future via the Simberi sulphide project.”He added, “Iso will capably lead us through this transition as we support our Simberi community, contribute to New Ireland and deliver on our commitments to PNG.”Meanwhile, the firm said that since 2009, the mine has brought K84.3 million in royalties, paid an annual 0.5 per cent production levy and contributed over K97.4 million in contracts to landowner businesses.“In 2020, the company paid over K28 million in income tax,” according to St Barbara. “Other community benefits delivered since 2012, when St Barbara acquired the mine, amount to over K119 million. They include health and education infrastructure development, roads and bridges maintenance, cocoa farming, mariculture projects, education scholarships and employment and training.”
PNG Business News - February 23, 2021
Iso Ealedona Appointed General Manager for Simberi Mine
St Barbara Limited’s Simberi operations in the New Ireland province has a new general manager in the person of Iso Ealedona.Ealedona was previously the head of operations for the past seven months and is a mining engineer and pioneer of the PNG University of Technology mining degree program. With over 26 years of experience in the industry working in Australia for Rio Tinto Iron Ore and in PNG at Misima, Ok Tedi, Hidden Valley, Lihir and St Barbara’s Simberi Operations, his expertise includes operational leadership, technical services, maintenance, safety management and business transformation.“As a recognised employer of choice, we are proud to be the first public company (ASX listed) operating in PNG to entrust this important role to a capable Papua New Guinean with the right skills and experience to lead our 1200 strong workforce at Simberi,” he said. “We are at an important stage of operations at Simberi, as we continue to mine the oxide deposit and plan for a bright future via the Simberi sulphide project. Iso will capably lead us through this transition as we support our Simberi community, contribute to NIP and deliver on our commitments to PNG,” said Craig Jetson, St Barbara’s managing director and CEO.”He said, “It’s an honour to lead, on behalf of St Barbara, a mining operation in my home country. With the St Barbara executive, Simberi leadership team and the workforce behind me, I am determined to lead Simberi safely and successfully through this transition period of oxide to sulphide mining for the benefit of all stakeholders.”
PNG Business News - March 01, 2021
Landowners Support National Government on Wafi Golpu Project
The Wafi-Golpu landowners have finally voiced out their support to the National Government on the environmental permit given to mine developers. The five associations chairmen - Victor Geactuluc (Yanta Development Association), John Nema (Hengambu Landowner Association), Jack Raban (Babuaf Development Corporation) of the Special Mining Lease (SML) area including Joseph Tetang (Wampar Pipeline Association) and Gae Galang (Wagan Outfall Association) - said they want the project to proceed and are asking Morobe Governor Ginson Saonu to desist from any purported court proceedings against the Sate about the deep-sea tailings placement (DSTP).Saonu, however, said that Morobe’s position still stands. “I will do what is right, just and fair for everyone,” he said.According to an independent body monitoring and evaluating process for the last four years, the landowners shouldn’t rush into things. The leaders argued that this process may cost Morobe and the provincial government millions of kina and added that the mining forum is the best place to discuss this problem. Nema said that he has lost more than 20 of his community members to common natural calamities and lack of basic health services. “I am against the move by our governor to register another court proceeding against the National Government while my people are suffering and dying without seeing any real developments or benefiting from their land,” he said.Geactuluc said that they don’t support the intention of the governor to take this to court. “We urge the good governor to refrain from wasting his time with his consultants and advisers but instead commit his time and resource to mobilise the SML, Pipeline and Outfall landowners through their associations in preparation for the upcoming Wafi Project MoA,” he said.For his part, Tetang urged the governor to have a discussion on how he intends to recognise the Huon Gulf coastal communities benefit-sharing instead of fighting a losing arrangement to prevent DSTP. “That is why the developer has chosen DSTP because it is much safer and could not harm the marine resources or the coastal communities based on the research and studies conducted,” he said.
Place your Ad Here!
PNG Business News - May 13, 2021
National Airport Corporation to Focus on Redevelopment Projects
The National Airports Corporation plans to devote more resources to the redevelopment projects at Kavieng, Tari, and Mendi airports as part of the Civil Aviation Growth Investment Program. With the exception of three airports, all airports under the CADIP program are on a budget, according to NAC acting managing director Rex Kiponge. Apart from Jackson Airport in Port Moresby, Kiponge claims that the majority of the country's airports are unable to handle the newly launched F100 aircraft. “The introduction of F100 aircraft has deteriorated the condition of runways in PNG. Under CADIP, fencing and runway length deficiencies will now meet the F100 and ICAO requirements. CADIP was implemented to meet the minimum PNG Civil Aviation Rules (CARS) and the International Civil Aviation Organisation (ICAO) standards and recommended practices in all the 22 airports in the country. “The F100 aircraft require a minimum runway length of 1900 metres –– only three airports meet this requirement.” The F100 will be able to land at 12 airports thanks to a CADIP runway length upgrade. Port Moresby is now the only province that meets the operating criteria for F100 planes. Standby control, security fencing, apron parking, runway, taxiway, and apron strength, and a runway length suitable for takeoff at maximum payload are all part of the 22 airport upgrades. Kiponge recently visited the three airports and expressed his satisfaction with the development. Contractors have already finished construction on the security fence at Kavieng Airport, and work on the runway extension is going well. Once the runway extension is complete, the contractors can begin work on the terminal. He mentioned that the runway extension at Tari Airport is complete, and contractors are currently working on the apron, which will be finished until the runway extension is completed. Owing to the contractors' inability to obtain materials for the runway at Mendi Airport, NAC has requested that they redo the runway before moving on to the other areas. “Despite whatever issues within NAC, I will ensure that all 22 NAC’s airports undergoing upgrading will be completed and I will put in a lot of efforts and focus to makes certain work is done well and completed,” Kiponge said.
PNG Business News - May 13, 2021
Govt to Focus on Downstream Processing
The government is putting a lot of effort into encouraging downstream production in the region. This was said by Prime Minister James Marape during a visit to Paradise Foods Company Limited. “We are focused on downstream processing as far as going forward is concerned –– instead of exporting raw products,” said Marape. “We want to go downstream to satisfy our local markets as well as export to economies around us.” PNG is fortunate, according to Marape, to have access to 60% of the world's gross domestic product (GDP) through the APEC network. “As well as, not just the APEC network, but in the vicinity of PNG’s accessibility to markets, we have over 4 billion people from the Pacific, Northern Asia, Western Asia and Northeast Asia put together. “So to satisfy our local markets in PNG for our 8 million-plus people, as well as the opportunity of exporting to markets closest to us like our neighbouring countries.” Marape has stated that he supports downstream production and marketing of PNG's natural resources both locally and internationally. “Today, I am privileged to visit an industry that has been at work since 1945, and I’d like to thank Paradise Foods Company Limited for doing a wonderful job and feeding our country.” Marape promised that the government will help the industry and market.
PNG Business News - May 13, 2021
Mayur Discusses Power Plant Project in Lae
Mayur Resources Ltd says it has formed an ongoing relationship with the State negotiation team to discuss and finalize a power purchase agreement (PPA) for its planned power plant in Lae, Morobe. The organization was waiting for the State negotiation team's makeup to be finalized and signed off, according to managing director Paul Mulder. After that, he said, the Enviro Energy Park (EEP) project's final discussions and negotiations will begin. Mayur's planned 52.5-megawatt EEP project is an advanced power plant that will produce more efficient and cheaper electricity than current solutions by combining conventional thermal energy (sourced from the company's wholly-owned Depot Creek project), solar, and biomass woodchip, while also supplying co-generated steam to nearby industrial users who were burning diesel for their steam needs. The EEP, which is near Lae, will also have steam as a by-product for local industrial uses, and potential dual fuel systems will allow for the use of diesel. “The energy park would balance the need for new environmentally friendly technologies and reliable energy,” Mulder said.