PM: Project development forum in Dec

THE Porgera mine project development forum will be held in December in Enga, Prime Minister James Marape says.
“We will try to tally what we are doing and in December, we will meet the provincial government and the landowners at the development forum proper,” he said.
Marape said they had secured the additional 1 per cent for royalty, the additional 2 per cent as a premium they are paying for fiscal stability, and the 51 per cent equity for PNG parties.
He said it included what was understood to be 10 per cent for the Porgera Valley landowners and 5 per cent for Enga.
The development forum will unbundle the landowner demands, landowner expectations and within the Government’s take that is from our 53 per cent in total project economic benefit, and from our 51 per cent equity.
“As far as discussions with landowners will take place in December, we will allocate sufficient time and a place in Enga for us to meet all our landowners for us to go into finer details, benefit structures, and all the demands,” Marape said.
“We are on a path to ensuring that Porgera is reopened.”
Enga Governor Sir Peter Ipata said the country had suffered economic hardships and Porgera would help the economy recover.