Landowners and their provincial governments in Papua New Guinea must receive maximum benefits from their resource projects around the country.
Prime Minister James Marape said this following a meeting with Morobe Governor Luther Wenge, the Mineral Resources Authority, representatives from Morobe Provincial Government, and the State Negotiating Team on the Wafi-Golpu mining project.
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| PNG PM Marape wants Wafi-Golpu Project to benefit landowners more [photo by NBC News] |
PM Marape in a statement said landowners should receive maximum benefits according to the prescribed value of royalty payments, project equity, and integrated development grants (IDG).
He also wants to see “early benefits for the country”
He said other key components for the project which the SNT should finalise with the developers was for the appropriate financial structure to prevent burdening the country with repayments and with the best and least cost environmental measures for Wafi-Go.
Mr Marape also commended Governor Wenge and the provincial government for pushing the project to start by agreeing to withdraw the case it had filed with the joint venture.
A meeting will be held with the developer next week to finalize the project worth US 5.4 billion dollars or K18.5 billion.
NBC News / Pacific Mining Watch
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