Place your Ad Here!
PM Marape: Porgera landowners will not be left behind this time
by PNG Business News - June 07, 2021
Prime Minister Hon. James Marape, MP, has assured Porgera Mine landowners in Enga that they will not be left behind in extraction and development of their resources.
He gave this assurance when formally handing over the Framework Agreement for reopening of the mine to landowners and the Enga Provincial Government on Friday (June 4th 2021).
PM Marape and his delegation also toured the Porgera Mine site after the Framework Agreement presentation.
“My visit to the Porgera Mine in the Lagaip-Porgera District today is to talk to the affected landowners, the mine management and other mine-affected communities,” PM Marape told thousands of people in Porgera.
“One of the main reasons why I wanted to travel to Porgera was to formally hand over the Framework Agreement to the landowners.
“Since taking Office on May 30th, 2019, I have advocated for greater share of the benefits from our resources to affected landowners - and that stands.
“That is why we have amended existing resource laws, including the Mining Act 2020 and the Oil and Gas Act 2020, to ensure landowners get a fair share under our ‘Take Back PNG’ slogan.
“The State has sought Barrick’s concurrence to release the Framework Agreement, therefore, here I am today to present the framework agreement to the landowners and Enga Provincial Government.”
PM Marape said his Government had no intention of leaving out affected landowners, who he said would be included in every step of the way towards reopening the mine.
He said that was why they should have a copy of the Framework Agreement before any awareness was carried out.
“Landowners and affected communities in Porgera will be well-versed on the impacts of the mine, and the benefits they get as a province.
“We will give them a copy (of the agreement) and spell out what is in it for them at our appropriate forums and meetings.
“That is the essence of my visit to Porgera.
“I know my good people of Porgera understand the Government’s position and will allow the lawful process to take its course towards reopening of the mine with their share of benefits intact.
PM Marape further announced that after this visit, his Government would set a date for a proper development forum for discussion on benefits.
“I look forward to meeting the good people of Porgera and speaking to affected landowner communities, Enga Provincial Government and the developer Barrick soon,” he said.
PM Marape also announced the allocation of K1 million for small businesses in Porgera and K2 million for Porgera General Hospital.
PNG Business News - April 08, 2021
Porgera Workers Receive Certificates
Last month, five senior national workers from the halted Porgera Mine operations received resident mine manager certificates. All five are part of the Porgera mine's Care and Maintenance (C&M) Leadership team Ezekiel Nori, Superintendent (Probationary) Open Pit Mining, Teddy Ulopo, Senior Mine Engineer, Deryck Akis, Alternate Manager Sorting, Ian Kaisom, Superintendent Fixed Plant Management, and Underground Mine Engineer Adam Joseph obtained certificates from the mine via the Mineral Resources Authority. Acting executive managing director David Lilley said, “It is really important and critical for us at this stage of where we’re at. It means for us now, we are really well covered for having qualified and certified people on this site at all times to meet the requirements of the MRA. Basically, when we talk about these roles, it’s about keeping the site but more importantly the people safe and protecting the assets. It is not a purely technical exercise. It’s really focused on making sure that all the right safety processes are involved so no harm comes to anybody and we protect the ore body and assets.” The method of acquiring numerous mine manager certifications started in March 2020, shortly after the Porgera Mine was shut down. With the support of the site safety department and the backing of General Manager Operations, Tim Cribb, who is also a registered mine manager ticket holder, and Jackie Kolgkia, Superintendent Project with Mine Technical Site Projects, who earned her registered mine manager certificate in 2017, initiated the process for the company. Only a registered mine manager can nominate and endorse candidates for the respective MRA examinations for Certificates of Competency. “Obviously after the mine suspension and COVID-19 restrictions, it became apparent there was a need for sufficient coverage on-site as this is a part of the operational requirement to have a certified manager’s ticket holder on-site at any time, as required by the Mining Act,” Kolgkia said. “I, therefore, nominated and with the backing of the PJV management, supported the candidates through the process toward attaining their certificates. Having a ticket is one thing but sitting in that role, making those critical safety decisions is the key part.” On behalf of the certificate recipients, Deryck thanked Kolgkia and the PJV management for understanding and encouraging their need to take the exams as a business necessity. Ezekiel has also expressed his appreciation to the company for ensuring that the mine managers' credential was obtained.
PNG Business News - April 12, 2021
PMAWU Embraces Mine Reopening
The reopening of the Porgera Gold Mine at the earliest, according to the Porgera Mining and Allied Workers Union (PMAWU), is good news. This comes after the PNG government announced that Barrick Niugini Limited would ink a new deal for the reopening of the Porgera Gold Mine. The PMAWU Executives said in a statement that those directly affected have suffered since the mine's closure. “The mine workers, who have been directly impacted since last April, have been struggling to make ends meet,” they said. “Those who were not able to secure an alternative job have been depleting their superannuation savings. They have the necessary skills and experiences to operate the mine when it resumes. Any news to reopen the mine, at the earliest is welcome news for the Union and its impacted employees.” They expressed their delight at the news that the state is ready to ink a Porgera Mine Reopening Framework Agreement with Barrick. Following the mine's closing, the PMAWU Executives said that the Prime Minister made many promises to them. Employees who have been affected will get financial assistance. “The PMJM has made several commitments, on media and also during our meeting with him on the 25th July 2020 at the Airways Hotel, that his government will consider a monetary solace for those impacted employees, as such the union, with the help of our mother body being PNGTUC, have been following up with PM & NEC Department by way of an NEC Submission but to this date, our welfares have not been looked into yet. The trucking contractors were fairly compensated for their losses but not us.” Another assurance was to include a clause in the framework arrangement ensuring that all affected workers are immediately reinstated to their previous positions prior to the redundancies. The PMAWU Executives have already presented a briefing paper on improved terms and conditions, and they expect their complaints to be heard and properly addressed in the proposed Framework Agreement. “The union also submitted a Position Paper concerning same to all relevant stakeholders in the negotiation tables. If the country is heading for better deals for its citizens, then the workers who will spin the wheels to run the production must be fairly remunerated as well.” “The Union has an option to refuse to resume operations if the above considerations are not met in the final Framework Agreement once settled. Consideration of this option may or may not happen subject to sighting of the final Framework Agreement.” Following a settlement in talks between the State and Barrick, Prime Minister Marape announced on April 5 that PNG would get a "far superior offer" than the previous agreement, which lasted from 1989 to 2021. “I can assure our country that this is a far superior and better deal, meaning our landowners and Enga Provincial Government will get more, and the balance of equity through Kumul Minerals will mean we hold a majority in equity. “Other benefits include securing an increased and upfront tax with no concession as is the case with other resource projects, an increase in royalties as well as a better handle on environment and resettlement issues at Porgera and a Barrick exit option. Prime Minister Marape added that “If the last round of negotiation is good, then I intend to meet Enga Provincial Government and all SML and LMP plus impact area landowners at the earliest to discuss the benefits sharing.” Marape has reported that Barrick and has settled a 10-year withdrawal clause in the current Porgera deal. The Prime Minister's statement made no mention of affected mine employees.
PNG Business News - April 06, 2021
Government Ready to Sign Porgera Reopening
Prime Minister James Marape said in a statement that the government is willing to sign an agreement with Barrick Gold to reopen the Porgera Gold Mine in Enga, which has been closed for a year. The mine was abandoned after the State declined to extend Barrick Niugini Limited's mining contract (BNL). PM Marape said there was a breakthrough after dealing with BNL, with Papua New Guinea seeing a “far better deal” than in the first 31 years of service, from 1989 to 2020. “I’m announcing to our country that within the principles of my Government, which includes getting more from our natural resources, we are in a better position now to sign an agreement with Barrick for what will be a new Porgera,” the Prime Minister said. He added, “I can assure our country that this is a far superior and better deal, meaning our landowners and Enga Provincial Government will get more, and the balance of equity through Kumul Minerals will mean we hold a majority in equity. Other benefits include securing an increased and upfront tax with no concession as is the case with other resource projects, an increase in royalties as well as a better handle on environment and resettlement issues at Porgera and a Barrick exit option.” He noted, “Kumul Minerals Holdings, since being granted the Special Mining Lease (SML) over Porgera, could have started but many court cases Barrick had filed caused delays to reopen Porgera, hence we entered into these negotiations. We are almost at the point of signing an agreement with Barrick. If the last round of negotiation is good, then I intend to meet Enga Provincial Government and all SML and LMP plus impact area landowners at the earliest to discuss the benefits sharing.” "To those who questioned Government and Kumul Minerals Holdings on why this turn in Porgera, I inform all that we have every capacity to operate Porgera like we are doing in Ok Tedi right now,” he added. "But with Barrack’s court cases, we had to go down this path. Barrick has agreed with us on an exit option in the new Porgera agreement 10 years from now."
Place your Ad Here!
PNG Business News - June 15, 2021
PNG Vanilla Company Partners Expo2020 Team
Dr. Nancy Irwin (left) with the Deputy Commissioner General for Expo2020 and Head of the PNG Expo2020 Secretariat, Mrs. Jacinta Warakai-Manua began the partnership to tell the PNG Vanilla story in Dubai, by exchanging ideas in Port Moresby last week. A vanilla production and export company is partnering with the PNG Expo2020 Team to promote their products in the Dubai World Exposition that starts in October this year. KAMAPIM, a company working with landowners in the Madang and Morobe Provinces produces top quality vanilla beans and is already exporting to the EU market. The Managing Director of the company Dr. Nancy Irwin, met with the PNG Commissioner General to Expo2020 Ambassador Joshua Kalinoe and his Deputy Mrs. Jacinta Warakai-Manua in Port Moresby last week to firm up the arrangements. Dr. Irwin said Kamapim (pidgin for develop and to improve) concentrates its efforts in producing the best quality bean for the international market through quality assurance production methods. “PNG farmers can grow anything, they have instinctive ability to grow well any crops. When I first started the project, the quality of the beans were poor, full of fungus due to lack of processing knowledge. We saw huge potential of the organically grown beans and started working with landowners through a cooperative production and marketing structure to improve quality” “The company provide extension services to farmers and buy the beans directly, ensuring farmers are paid a fair price for their efforts”, she said. Dr Irwin said the beans are tested internationally and are consistently classed as the top-quality A grade level. “While PNG has a good perception of growing environment friendly organic vanilla beans, the challenge is for the relevant Government authorities to work with farmers to improve quality. I believe the cooperative production methods applied by our company, Kamapim, could be used nationally as one of the models to improve quality for the export market as well as to maximize revenue gain for farmers”, Dr. Irwin said. She said the company is looking forward to partnering with the PNG Expo2020 Team to tell the PNG story and to connect with niche importers in Dubai and the Arab world in general. Dr. Irwin said the company would promote its products in specially branded PNG Expo2020 containers to create visibility for the country as well as to preserve quality at the company’s cost.
PNG Business News - June 15, 2021
PNGEITI Praises Open Dialogue to Reopen Porgera Mine
The PNG Extractive Industries Transparency Initiative (PNGEITI) has praised the open stakeholder dialogue culminating in reaching consensus to re-open the Pogera Mine in Enga. Parties in April this year sanctioned a “Framework Agreement for the New Pogera Project” which spells out the roadmap to reopen the mine. Mark Bristow, CEO and President of Barrick Gold last week explained key elements of “Framework Agreement for the New Pogera Project” at a public forum at the Piam Oval in Pogera witnessed by PNG Prime Minister James Marape, landowners and other leaders. In the new agreement, PNG stakeholders will together own a 51 % equity stake in the mine while Barrick Niguini Limited (BNL), a joint venture company in which Barrick and Zijin Mining Group each own 50% will hold 49 %. BNL will remain the mine operator. At the end of the first ten year period, the PNG stakeholders will have the option to purchase BNL’s 49 % PNGEITI Head of Secretariat Lucas Alkan remarked that the open discussion throughout the negotiation process on the part of the mine operating lead, Government and landowners has culminated in this agreement signed happily by all parties. “We at the PNGEITI congratulate the Government and the project lead Barrick Gold and other stakeholders for reaching a consensus decision to reopen the mine. “Pogera has been an economic powerhouse for many years and people in the country have been waiting for the outcome. “We commend the Prime Minister, the President and CEO of Barrick Gold Mr. Mark Bristow for the leadership in ensuring that the negotiations were done in the transparent and open manner. “PNG Extractive Industries Transparency highly encourages such openness in the negotiating process for resources benefits and importantly the responsibilities that each stakeholder must take on to ensure smooth flow of proceeds. “We look forward to working with the Government and the project operator in the areas of transparency and accountability to help derive best value for all stakeholders. PNGEITI commitment to reporting on developments in the mining and petroleum space is becoming stronger with new reporting dimensions taking shape as we making progress in promoting transparency and accountability in the PNG mining and petroleum industry” Mr. Alkan said.
PNG Business News - June 14, 2021
BPNG Goes For Review
Treasurer Ian Ling-Stuckey has revealed the terms of reference for a review of the Bank of PNG, as well as the members of the review panel. Former Chief Secretary Robert Igara will lead the study, which was planned in the Supplementary Budget for 2020. Former central bank governor Sir Wilson Kamit and Australian professor Dr Stephen Howes are the two members. “These very eminent people, all of whom have detailed experience of the PNG financial system and reform, will be working to a term of reference approved recently by the NEC,” Ling-Stuckey said. “It is the first review of the central bank and the Central Banking Act 2002 since Sir Mekere Morauta’s financial system reforms when he was prime minister from 1999 to 2002. “Much has changed since then, and the effects of the coronavirus pandemic, along with substantial technological advances, have made the need for a review even more urgent. “The aim is to modernise the bank and the legislation in line with international developments, and make it more responsive to prevailing circumstances while preserving its independence.” The study is scheduled to be finished in time for Parliament's November session. “An independent advisory group was also established by the late Sir Mekere when looking at the changes that led to the Central Banking Act 2000,” he said. “Igara, currently the University of Papua New Guinea chancellor, was chief secretary at the time, and Sir Wilson was the governor of the Central Bank. “Prof Howes, head of the Development Policy Centre at the Australian National University, has long been involved in PNG research and advice and consultation, particularly in relation to national development.” Reference: The National (8 June 2021). “BPNG going for review”.