Kainantu mine ‘impactful’

Business

KAINANTU gold mine is Eastern Highlands’ most economically impactful project, Governor Peter Numu says.
Numu said this during the signing of a revised agreement between K92 Mining Inc, the operator of Kainantu gold mine, and the Eastern Highlands government in Kokopo, East New Britain, recently.
“At the end of the day, we will deliver the impact projects through signing of this revised agreement,” he said.
“The Kainantu gold mine MoA (memorandum of agreement) was signed in 2003 with another developer.
“But now, we are reviewing it and signing it with the K92 Mining which is the current developer.”
Numu said in terms of beneficiaries, the provincial, district and local level government (LLG) leaders came together and formed a team which they have negotiated with the company and state.
“Our Eastern Highlands team is solid and we agreed on many things for the good of our people. We are here to support this impact project as this will bring economic development to my province.”
Numu said the impact projects would also bring relief to his government in terms of some basic services to the people like roads, health and education.

Leave a Reply