About K20 million in royalty is yet to be paid out to landowners of Papua New Guinea's Porgera mine due to disputes between landowner and the groups they are under.
This was revealed by the President and Chief Executive of Barrick Mark Bristow.
He said a lot of that money has been stuck and has not got to the people.
Legitimate Landowners under groups have asked Porgera Joint Venture (PJV) to work with the government to find another way to pay their royalties as they have not been receiving their entitlements under the Association they are under.
Mr. Bristow made it clear that PJV has made the payment, however the money is sitting with the landowner groups.
Landowners have asked PJV to pay money directly into their bank accounts, however Mr. Bristow said only compensation payments are paid directly into bank accounts.
Meantime K800, 000, another component of the payment for compensation for environmental damage is also stuck due to disputes between members of the same clan.
Mr. Bristow believes they can find a better way to pay the legitimate landowners in the future. FM100
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This was revealed by the President and Chief Executive of Barrick Mark Bristow.
He said a lot of that money has been stuck and has not got to the people.
Legitimate Landowners under groups have asked Porgera Joint Venture (PJV) to work with the government to find another way to pay their royalties as they have not been receiving their entitlements under the Association they are under.Mr. Bristow made it clear that PJV has made the payment, however the money is sitting with the landowner groups.
Landowners have asked PJV to pay money directly into their bank accounts, however Mr. Bristow said only compensation payments are paid directly into bank accounts.
Meantime K800, 000, another component of the payment for compensation for environmental damage is also stuck due to disputes between members of the same clan.
Mr. Bristow believes they can find a better way to pay the legitimate landowners in the future. FM100
Next :