Landowner groups agree to draft deed

TWO major landowner groups in Kurumbukari and the inland pipeline of the Ramu nickel/cobalt project in Madang have agreed to a draft deed for their future generation trust fund.
Kurumbukari landowners chairman Eddie Utu and his deputy John Tigavu, and Inland Pipeline (Maigari) landowners association chairman Jacob Winis and his deputy Sam Aimai agreed to a draft deed prepared by the State’s legal team.
The trust is to receive payments from the Ramu nickel/cobalt project or any other company, individual, organisation or sources on behalf of the beneficiaries who are legitimate landowners of the project.
The trust would also invest the funds to grow it.
It followed two days of awareness by a State team comprising officers from the Mineral Resources Authority (MRA), Mineral Resources Development Company (MRDC), and Treasury.
The draft on the Ramu future generation trust fund was presented to the landowners with copies given to their executive to discuss and change clauses to suit all parties.