Foreign mining companies ‘very concerned’ about changes to Mining Act

mine pit

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.

4 Comments

Filed under Papua New Guinea

4 responses to “Foreign mining companies ‘very concerned’ about changes to Mining Act

  1. Karis

    Economic growth is nothing if there is no clean water and air.

  2. As much as we desire economic growth, on the other hand, it is an overstressed, massive understatement of what they are saying. Come on! Wake up! The rich is getting richer and the poor getting poorer. I’ve heard it before and it’s all the same. Personally, I welcome the amendments because I don’t want to see my children and their children suffer in the years to come. Allow PNG’s Fourth National Goal and Directive Principle bear fruit for our sake and our children’s sakes. GOD Bless PNG!

  3. Moses Wininga

    We Support Mining Minister’s move for the good of our rich and blessed country.

  4. Jujui Kukunto

    robertdtambiari@gmail.com ramunickel posted: ” 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 wi”

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