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Ramu Nickel/Cobalt project LOs to get K10m in Business Development Grants

Staff Reporter | 6:35 PM |
THE impacted landowners of the Ramu Nickel/Cobalt project in Madang have welcomed the announcement by Government that it will pay the balance of K10 million owed to them.

This is in Business Development Grants (BDG).

‘The assurance was given by Mining Minister Byron Chan after Usino/Bundi MP Anton Yagama had raised the issue on the floor of parliament.

Chairman of Kurumbukari landowners association Tobby Bare, in welcoming the announcement said the initial commitment of K20 million had been made by the former Somare Government.

However, this commitment had been honoured by the O’Neill Government, with the first K10 million being paid.

Mr Bare said the landowners were grateful to the O’Neill Government and had urged that the balance be paid before the 2017 General Elections.

He said given the downturn in the PNG economy, the landowners had great difficulties in securing business opportunities and added that the funds would provide some relief.

"While other landowner companies in other project area have been able to progress, we have been struggling," Mr Bare said.