Mining Act review ensures sustainability: Chan
Freddy Mou | LOOP PNG | March 9 2016
Mining Minister Byron Chan says the review into the Mining Act and the Mineral Resources Authority Act is aimed at ensuring “sustainability”.
Chan said the review will bring in six new mining policies.
“We must ensure the footprint left behind by mine development brings about tangible benefits that are sustainable after mine closure.”
Chan said the policies had been derived after wide consultations with provincial governments, landowners, the civil society, non-governmental organisations and State agencies over a four-year period with more than one-and-a -half-years of talks with the industry through the PNG Chamber of Mines and Petroleum.
However, he did not mention that the industry was opposed to many of the proposed changes on the grounds they would adversely impact future investments in the country.
Meanwhile, executive director of the PNG Chamber of Mines and Petroleum, Greg Anderson said the Chamber is very concerned that the proposed changes to the Mining Act and the Mineral Resources Authority Act could potentially curtail future exploration and development activity.
“We therefore hope that the Government will carefully consider the implications of these amendments for future economic growth and prosperity,” he said.
He added that stable government policies and a favourable investment climate are critical for future growth within PNG’s resources sector.