Landowners share 2% to royalties with two groups

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Source:

The National, Thursday 16th May 2013

 THE coastal pipeline landowners (CPLO) of the Ramu nickel project have decided to share 2% of their royalties with two other groups within their area.

The CPLOs will give 1% each to WassMatau and local churches.

The 2% comes from CPLO association and landowners who initially had 2% and 8% respectively.

The CPLOs have a total of 12% share of royalties out of the 68% for all landowners in the project area.

The balance of the royalties goes to the Madang provincial government and local level governments involved with the project.

Mineral Resources Authority acting managing director Philip Samar said it was good to see royalties being shared equally among landowners and community groups.

“The gesture of sharing is  consistent with the MRA’s vision, which is to improve the lives of all Papua New Guineans through the responsible management of the nation’s mineral resources,” he said.

“This is exactly what’s happening especially in the case of Ramu mine project landowners”, Samar said.

The National Government has applauded the CPLO of the Ramu Nickel mine proejct for sharing royalties with two other groups within their area.