by JUSTIN PARKER In recent discussions surrounding the establishment of a gold refinery in Papua New Guinea (PNG), concerns have been raised regarding various aspects of the proposed project. Spearheaded by foreign investors, the initiative has sparked debates over ownership, exclusivity, tax concessions, underwriting, management rights, control over currency, legal protections, and historical failures. These concerns, if unaddressed, could potentially undermine the interests of PNG and its people, particularly the hardworking alluvial miners who form the backbone of the nation's mining sector. At the heart of the issue lies the question of ownership. The proposed ownership structure, favoring foreign investors with a substantial 70% stake, raises eyebrows, especially considering PNG's past experiences with failed ventures like seabed mining. Instead of ceding majority control to foreign entities, many argue that PNG should assert full ownership over the refinery. With the coun
Kind hearts are very rare. Well done Peter.
ReplyDeleteGod has seen yo heart, Peter. Do not lose hope and have faith in God and may this journey you have taken be your success in life. God bless you.
ReplyDeleteI am now where I am because of sacrifices made by people like you Peter. I am from a remote village and had to walk to school every day including Sunday for church. Our teachers and their families also use to walk to town which could take a whole day for their supplies. It is time the government rewards people line you better. Keep up the good work and I salute you my teachers.
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