By Rosalyn Albaniel-Evara
RAIBUS Security Services (RSS) is set to complete the purchase of Ramu NiCo (MCC) Limited’s shareholding in the company by the end of the month.
This was revealed by Raibus Limited’s chairman Kevin Murray following claims by a group of landowners from Basamuk that it is not 100 per cent owned by the landowners.
The landowners from Ganglau in Basamuk had claimed this to be one of their main reasons for establishing their own security firm called Basilia Joint Venture Security Company to provide this service at the refinery site.
Their announcement had prompted developer Ramu Nickel (MCC) Limited to raise concerns stating they had not been consulted, as the operator of the project.
MCC further stated that while the landowners had the right to partake in any business activity, they had to be competitive and meet MCC’s requirements and must deal through their umbrella company Basamuk Enterprise Limited.
Mr Murray said RSS was established initially as a joint venture in 2007 with the assistance of MCC, which provided the start-up capital as a subsidiary of the unifying umbrella landowner company Raibus Limited.
He said this to be owned by the companies of the four landowner groups of the Ramu Nickel mine, namely Kurumbukari, Inland and Coastal Pipeline and Basamuk.
The assistance was supplied partly as an interest free loan to Raibus and partly by the purchase of a shareholding in the company. He said in 2009 Ramu NiCo offered to sell its shareholding in RSS back to Raibus and subsequently signed an agreement to that effect on December 24, 2009.
Mr Murray said RSS had honoured this agreement and is set to complete the purchase of MCC’s 51 per cent shareholding by the end of February.
He said the company had also repaid in full its loan from MCC, hence making the company PNG-owned.
“This results in RSS having 100 per cent ownership of Raibus security which provides employment to the Raicoast people. It also retains all revenue from security operations in the hands of landowners,” he said.
MCC had in a statement said it understood the reasons being used to promote the new security firm was that MCC and Raibus were in joint venture in the current security arrangement and that MCC holds a 51 per cent share in the operation.
“This perception is incorrect as Raibus Security is owned by the landowners,” Mr Murray said.
MCC’s spokesperson and general manager community affairs Martin Paining said the shareholding in Raibus consits of Basamuk, Coastal Pipeline, Inland Pipeline with 20 per cent each and Kurumbukari 40 per cent. He said Raibus had acquired all shares resulting in the company now being wholly PNG-owned.
why is this of any interest to humanity?
A question that could only be asked by someone who neither lives in nor cares for Madang.
Tanirau
Tell me why I should care about Medang because these people don’t care about the rest of the world, only themselves
Tell me why the world should care?
Tell what makes these people so deserving of our time and attention.
Tell me why?
Tell me whay this particular post is of any interest at all to any one outside of Medang, save for people who get some sort of gruppy mastubatory emotional lift and a sense of “I am a good person” by lending support to your little cause.
Where I come from you would get a spear through your outer thigh for asking.
……………and one more thing Taniranirau,
how much are they paying you?
Tanirau,
Since when were you a member of the Medang community, hypocrite!
Tanirau
the answer to the question is this.
” Because people have a right to engage in matters that affect their livelyhood and well being and that all humans are joined by a common thread”.
Why did you not just say this?
I suppose it is because you have very deeply engaged in the politics of division rather than bridge building.
agree – next topic Tiffany
the barrel is empty.
wesley. i didn’t realise they still spear people in china
Warren
Let me set you confusion to rest.
I don’t like to see indigenous people misled by politically motivated idealists.
People are entitled to the truth, not hysteria.
This does not mean I support what has happened at Ramu.
Read my posts rather than running with blind assumptions.
FYI, apparently the Chinese shoot people for relatively minor transgressions then send the invoice for the cost of the bullet to the next of kin.
They are a nation of latent slaves.
Personally, this is a monstrous and inhuman and morally bankrupt way of doing things in any society and is incompatible with the 21st century.
In my culture, a spear through the leg ends the matter although usually reserved for the worst transgressions.
Honour is then preserved, no subsequent stigma to any party.
It’s all over.
Normal practice is belting served up in a traditional format, glancing blow to the skull, more a trial by combat if it be known.
It has been the way for hundreds of generations in the Western Desert and elsewhere.
I have been through Customary Law and punishment.
In many ways I was glad that I was accepted by such a punishment, my status is now that of any other warrior in the Wanman community.
You seem to have a prejudice toward the idea that a person of Australian Aboriginal heritage cannot share both worlds.
There’s something very wrong with you as a human if this is the case.