Locals to explore their own land for minerals

Giopa Holdings Ltd likely to start mine exploration

Pacific Mine Watch

A LANDOWNER company in Goroka, Eastern Highlands, will soon begin mine exploration on their own land.

Giopa Holdings Ltd got their exploration licence from Mineral Resources Authority to explore copper and gold in Kufia-Kombofari prospect area on the border of Eastern Highlands and Madang last week.

Managing director Kondango Wau said it was their objective to have ownership of the resources and the licence would allow them to explore their own resources without foreign control.

“Our resources were formerly owned by a foreign miner that owned the exploration licence to our land. We saw that we were missing out from any development that was supposed to come to us from the exploration that was happening on our land.

“We saw that there were other areas in PNG that were owned by foreign companies that went in for exploration activities. Their exploration report did not indicate the to landowners of what was available on their land.

“For us, we couldn’t be just landowners and claim for environmental damages and royalty issues but we wanted to take ownership, 100 per cent equity and not royalty.

“And that was the main aim for us to have ownership of the land so that we have exploration data available so that we could eventually venture into mining if the data proved viable.

Wau said the company was locally funded by the 59 clans of the prospect area with support from provincial and National governments.


1 Comment

Filed under Exploration, Papua New Guinea

One response to “Locals to explore their own land for minerals

  1. Jimmy Onopia

    CONGRATULATIONS GIOPA HOLDINGS.. I believe that this is the way forward for Papua New Guinean resources owners and businesses. We cannot continue to pursue the current trend of allowing foreigners to enter into our customary land by acquiring an exploration license and immediately claiming ownership of our inheritance. While we welcome foreign investors into PNG, the Government create business schemes where it can assist Papua New Guineans to equally compete with foreigners similar to the ‘Stret pasin Store’ scheme.

    The GoPNG should seriously consider supporting those who are enthusiastic about entering foreign dominated resource developments. As Papua New Guineans, we ought to actively take part in exploiting our God-given natural resources both for ourselves and our children with the support of our government. Papua New Guineans can not continue to become store keepers or cook boys any longer.

    The GoPNG ought to provide training, capital and technical advise to enable us Papua New Guineans investment in our own countries. We have already seen and heard about foreign investors making huge sums at our expense. Most of the rivers flowing past gold mine such as the Fly river are heavily polluted and I am informed that Waghi river flowing through Crater Mt between EHP/Chimbu is now polluted.

    I personally would like to congratulate the founder of Giopa Holdings Ltd Mr.Kondango Wau and his directors on their achievement.

    Mr.Jimmy Onopia

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