PNGBLOGS

by ROBERT ALEMBO   While we recognise that the State is trying to secure its rights to the Porgera mine by way of this amended legislation, we must make sure that we do not undermine the whole basis of our mining legislation by making quick amendments which are not fully understood.   The amendment to Section 7 of the Mining Act 1992 breaks down the whole basis of the Mining Act which is based on the principle of First Come First Served which is a clear principle in the legislation.  This new provision relates to all reservations in the future and not just Porgera.  This gives the State-owned company a priority over any other Investor in the country, even one which may have applied for a license months or even years before the State Applicant puts in its own application, giving an advantage to the State which other Investors will consider to be unfair and anti-competitive.  We doubt provision this is consistent with the ICCC which guarantees a level playing field for all investors in P

by   Therow Zuaru Once there was a young executive working for a company. After years of serving under the company, he finally got appointed as the 8th chief executive officer of the company. During the inauguration, his adrenaline was so nerve wrecking, because after 17 years he was finally bestowed to that position. But he failed to throw in an official excutive board meeting to acknowledge the stakeholders, boards and international partners who has been playing a pivotal roles for company's 44 years of existence. Instead he became obsessed, turn ballistic on them and pledged rhetoric political chit-chats against them; ▪️  Accused the previous CEO to be the sole person responsible for the company's huge accumulated financial debt of K27 billion. ▪️ Demand Australia immediate closure of Manus detention camp. Pledge that security contract is for locals and not foreign companies. Set up Manus as tax free haven. ▪️ Put foreign companies on notice, pledging to change