Bougainville could build small gold refinery

gold

Radio New Zealand | 9.02.2016

The financially struggling Papua New Guinea autonomous region of Bougainville is considering building a gold refinery.

The president John Momis said they wanted to tap into the informal but lucrative alluvial gold mining industry that thousands of Bougainvilleans rely on for income.

Mostly done in the tailings of the long shut Panguna mine, alluvial mining is dangerous, not least the miners’ use of mercury to extract the gold.

Mr Momis said the ABG wanted to control and profit from the sector.

“Including perhaps setting up a small refinery so we can entice the alluvial gold miners to sell to us rather than selling to outsiders through Solomon Islands or even PNG, different ports, and paying nothing, no tax all to the ABG.”

2 Comments

Filed under Financial returns, Papua New Guinea

2 responses to “Bougainville could build small gold refinery

  1. If Momis and the ABG want to control and profit from the sector of alluvial gold mining in Bougainville, they should firstly consider the safety of the workers by equipping the workers with safety gear and consider their health needs and risks.

    Secondly, what is Momis proposing to those who have risked their lives by informally but lucratively doing alluvial gold mining in that thousands of Bougainvilleans have relied on for income?

    Mr Momis said the ABG wanted to control and profit from the sector by including perhaps setting up a small refinery so he and the ABG can entice the alluvial gold miners to sell to him and the ABG rather than selling the gold to outsiders through Solomon Islands or even PNG, different ports, and paying nothing, no tax all to the ABG.

    Mr Momis stated on 29 December 2015 that the PNG national tax office was failing to hand over taxes collected in Bougainville. So until Momis rectifies why the taxes collected in Bougainville are not returned to Bougainville and staying in the coffers of the Papua New Guinea national tax office, why on earth would the alluvial gold miners sell their gold to the ABG?

  2. Pingback: Why should alluvial miners sell their gold to the ABG? | Papua New Guinea Mine Watch

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s