• PNG Business News

PM urges support for lanco's

PNG Prime Minister James Marape has challenged the Mining and Petroleum Industry to assist landowner companies venture into downstream processing.

Mr Marape made the call during his keynote address to the 2019 Mining and Petroleum Conference which convened yesterday morning (3rd of December) at Port Moresby's Stanley Hotel & Suites.

He told a packed conference room of about 1000 delegates that laws and regulations and policies relating to the mining and petroleum Act will be reviewed by early next year 2020.

Mr Marape said this will be done through wide consultation involving genuine industry, landowner and government stakeholders to reach a win-win solution where all parties are happy with the outcome.

In previous forums, Mr Marape has made similar challenges to other industries in the agriculture, fishing, logging and forestry sectors since his election as PM on May 30th.

He said it is now time to make the landowner companies, ILGs, provincial governments and all stakeholders happy since billions of kina had been made by the industries in the past years.

The three day conference is themed "PNG Resources: Developing Shared Values". Day 2 (Wed 4th Dec) will feature key Ministers in PM Marape's cabinet speak including Treasury Minister Ian Ling-Stuckey who will give a Ministerial Address on the National Budget 2020 Vision for PNG. Participants will also hear Ministerial Addresses by Minister for Mining Johnson Tuke on 'Developing the Mining Industry in PNG' and Minister for Petroleum Kerenga Kua on his 'Vision on Developing the Petroleum Industry in PNG'.

Participants in attendance are from Australia, United States, China, Japan, Middle East and a first time delegation from East Timor.

PNG Business News

2nd Floor, Suite 6,

Corinthian Plaza Building,

Paseo De Roxas, Legaspi Village,

Makati, Philippines

Phone: +632 251 5599

Subscribe to Our Newsletter

  • White Facebook Icon

© PNG Business News