K92 Miners tax credit scheme focuses on community development in PNG

 THE approval of K92 Mining’s participation in the tax credit scheme will its scope to deliver development in the community, chief executive and director John Lewins says.

Lewins told The National that the company had delivered community development initiatives outside of the tax credit scheme.

The Government has just approved its participation which Prime Minister James Marape announced in Kainantu last Friday.

“The approval of K92’s participation in the tax credit scheme significantly enhances the scope of community development initiatives which the company can support by partnering with the Government to deliver community infrastructure,” Lewins said.

“K92 will still continue with its numerous community initiatives outside of the tax credit scheme with a focus on job creation, expanding business opportunities, education and training, smaller infrastructure projects focused on upgrading schools, water supplies, clinics and the like.”

Lewins said the company would be investing on sealing roads, schools, hospitals and power infrastructure.

Other projects for Kainantu include:

  • THE market, which K92 will support with a K1 million donation;
  • ESTABLISHMENT of a Mineral Resource Authority (MRA) regional office in Kainantu to support the communities impacted by the mine and support initiatives such as small-scale alluvial mining;
  • SEALING of roads in and around Kainantu;
  • RAMU 2 Hydro project – potentially very important for not only the community in making grid power available but also for K92 as it is looking at its stage 3 expansion which will increase production to 350,000 ozs per annum; and,
  • TIN-KRUFI High School – K92 is involved in a number of initiatives such as the upgrading of community schools, assistance in school fees and scholarships for tertiary education for children in impacted communities.
The National / Pacific Mining Watch

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