British firm promises to improve on Barrick approach at Kainantu mine

K92 says unlike Barrick Gold they will respect local communities and their land rights

British firm eager to work with locals

Eric Balaria | The National aka The Loggers Times

K92 PNG Holdings Ltd is keen to work with locals to ensure the successful operations of the Kainantu mine, in Eastern Highlands.

The Canadian [sic] company last week became the new owner of the mine after completing the purchase from Barrick Gold Corporation at a cost of US$62 million (K163.8m).

Chief operating officer and director Brian Luek told The National that with full ownership of the mine and the support of locals in the surrounding communities, K92 would see a new approach into mine operations in the area.

“We are new to the country and perceptively PNG has had a bad reputation as a difficult place to work in,” he said.

“But we’ve found it was actually very reasonable to work here and things have progressed well, which is bonus is for us, especially with the locals showing support for the mine.”

Luek said K92 had taken a more community-based approach to handling the takeover of the mine from Barrick.

“Our approach was different where we had meetings with their central working committees which are basically leaders, women groups, church groups, youth groups from the four affected communities.

“It was their land and it was very important that the landowners understand prior to us moving in that it was acceptable for them and for us. They have shown their support and interest in seeing the benefits of the mine and employment for people in the region,” he said.

Luek said as part of their plans, 97 per cent of all K92 employees would be citizens.

He added that there was a lot mine opportunities in the country, especially when bigger companies like Barrick withdrew their operations.

“These opportunities provide smaller miners the chance to come in, develop and hope that these projects can be profitable and beneficial to all involved,” Luek said.

2 Comments

Filed under Human rights, Papua New Guinea

2 responses to “British firm promises to improve on Barrick approach at Kainantu mine

  1. Pingback: British firm promises to improve on Barrick approach at Kainantu mine | Goilala's District Development Forum Blog

  2. I cannot believe what I am reading here, The Canadian [sic] company last week became the new owner of the mine after completing the purchase from Barrick Gold Corporation at a cost of US$62 million (K163.8m).

    Is it British or Canadian ?. The statement “Full ownership of the Mine ”
    Where is the PNG Government share in the Mine, Did the PNG Government sell out to this new company. Where is the PNG Landowners share in the company. Where are the Royalties going etc etc

    On the landowners side , the statement “it was their land” past tense now you have no say it what originally belonged to you – but now is theirs.

    There are many unanswered questions that NEED TO BE PUT ON THE TABLE for this new company to answer. Beware of the wolf in sheep’s clothing bearing gifts while they rape and pillage you. You are now more educated- You are starting to see what these companies are doing to you- Do not let it happen again- Ask what part of the 100% are you getting as it leaves the country ???.

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