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
Congratulations to PNG and People Power.. On the same token, let's thank the Government too, for having all ears for the People. The Government can be illegitimate but it is good. Only rotten apples inside, like Namah and Maladina, have made the government look bad.
ReplyDeleteO'Neill must start to make heads roll in his cabinet. He must start by replacing his Deputy, and puting in learned people in the Ministry of Minister Assisting the PM. Minister Wake Goi has just demonstrated - he has no brains at all. Recent bureucratic appointments must also be reviewed. It is a real joke, appointing a clown and corrupt freak to head the Auditor Gen's Office... There are many appointments, that the O'Niell government must make, on merit to save its face and moreso, to put PNG back on track.
ReplyDeleteINCOMPETENT MONGERS! PNG IS NOT UR PRIVATE BUSINESS! U SUCKERS GOT SERVE..GO GO WE DON'T NEED UR THEORIES,SWEET TALK LIERS!:-(
ReplyDeletethe bedroom cabibet..! mr flipflop, mr gay and mama maus(speaker) should go back in bed & reflect on the mess they have created. the kitchen cabinet was better off.. what a shame.
ReplyDelete