LIHIR Gold Limited (LGL) demonstrated its commitment to the development of healthy governance standards in Papua New Guinea by pledging A$100,000 (K240,000) over two years to the Siaguru Endowment Fund (SEF).
The funds would be allocated to the PNG chapter of Transparency International to improve governance across the society including public administration and business.
The donation is LGL’s second major contribution to TI PNG following its K250,000 commitment to the cause last year.
LGL managing director Arthur Hood, said; “PNG has made excellent progress in improving transparency and governance systems over recent years and our contribution will enable this good work to continue.
“We hope that our relationship with TI PNG
will inspire other corporations in the region to support this worthy endeavour, and also give greater exposure to the significant improvements PNG had achieved in this area.”
TIPNG Chairman Peter Aitsi said LGL’s donation would provide funding for the organisation’s secretariat and its core projects, which included anti-corruption initiatives in the community, contributions to secondary school curriculum and education programmes for voters and legislative reform.
“We have a number of long-term projects under-way aimed at changing the perception of Papua New Guineans about corruption and LGL has continued to be a great supporter of this work, which is evident by its ongoing financial support,” Mr Aitsi said.
Since 2006, TIPNG has raised over K1 million for the SEF and was grateful for LGL’s generous donation, which will go a long way towards helping TIPNG reach its ultimate investment target of K2million.