Review of Porgera Mine deal underway

Business, Normal

The National, Friday June 21st, 2013

 THE review of the Porgera Mine project memorandum of agreement in Kokopo, East New Britain is progressing well.

Parties to this deal that included the State, Enga provincial government, Porgera landowners and Porgera Development Authority (PDA) started the discussions on Monday. 

Project developer Barrick Gold (PNG) is also attending as observer, although there were strong sentiments from all parties that the miner should also be a party to the agreement.

The review proper began on Tuesday. 

The State team leader John Ipidari said proceedings were well under way with a lot of issues being taken up on day one.

The parties on Tuesday reviewed the State’s commitment, which included special support grants, royalties and tax credit scheme.

Yesterday, the parties were to continue with discussions on the State’s commitments, followed by those of the Enga provincial government and landowners.

Ipidari said he believed the meeting would proceed well throughout the week, although there could be some issues that may need to be addressed outside of the review meeting.

MRA acting managing director Philip Samar appealed to all parties to exercise respect, understanding and integrity during the meeting.

He said MRA was committed to MoA processes for all mining projects, including that of Porgera Mine project.

After a draft MoA was signed by the parties, it (draft) would be tabled in cabinet for its final blessings, after which a formal MoA would be signed.