PNGEITI to hold awareness on revenue management

Business

A SERIES of awareness on revenue management in the petroleum and mining sectors will be conducted, beginning in New Ireland and spreading to other provinces.
Head of the Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) national secretariat Lucas Alkan said the roadshow awareness began on Monday in New Ireland.
“The PNGEITI Multi-Stakeholder Group working team, will conduct an awareness road show in New Ireland for a week beginning Monday,” Alkan said. “This is the beginning of a series of planned roadshows to be conducted in mining and petroleum host provinces in the country.
“The group is now on Lihir Island to begin the awareness and will continue on to Simberi, Kavieng and Namatanai at the end of the week.
“They will do presentations to financial beneficiaries inclusive of provincial and local level governments, landowner groups and associations.
“Company officials of Newcrest and St Barbara (Simberi) will be in attendance.
“The goal is to educate the public, especially mining and petroleum project stakeholders, companies, landowners and provincial and local level governments on what the EITI concept is.”
He said the roadshows aimed to educate groups on the importance of the PNGEITI reporting process through knowledge building, financial interpretation of PNG laws and revenue streams.

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