Barrick calls for collaboration with MPs on ‘grim challenges’

Post Courier | October 10, 2017

In the face of a number of grimchallenges, the Porgera Joint Venture (PJV) mining operator Barrick Niugini Limited (BNL) has now called for greater cooperation from Engan members of parliament towards the achievement of the provinces’ development agenda.
At a recent briefing session with Engan leaders in Port Moresby, BNL executive managing director, Richmond Fenn highlighted a number of challenges that were impeding the progress of the provincial development agenda, which included; illegal mining, the state of the highlands highway, law and order, resettlement and the Memorandum of Agreement (MOA) review.
Mr Fenn highlighted the management issues of the Porgera Development Authority (PDA), the Paiam Hospital and functions of the District Administration.
He also raised issues faced by the mine such as the proposed amendments to the Mining Act; the proposed amendment to the MRA Act and increasing the Tax Credit Scheme(TCS) rate.
“While some of the issues we can manage as a company, others are more complex and need considerable amounts of commitment from the government to make it work,” said Mr Fenn.
“The partnerships that we generate from these kinds of gatherings where we are required to work together on issues that affect us all, are of the utmost importance to us,’’ he said.
Engan governor Sir Peter Ipatas supported the call, adding that as a non-renewable venture, sufficient collaborative action needed to be taken to secure the future of Enga.
“We have to work to sustain Porgera to continue to provide services. The mine will come to an end.
In the future, the province will have to fall on its own economy,” said Sir Peter said.
“We have the right leadership and we have to incorporate our plans for development into the government agenda,” he said.
Sir Peter said the national government should consider funding arrangements for Enga’s special project plans, particularly through an increase in the TCS rate.
Given the mines history and contributions to the national economy for over 20 years.

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Filed under Financial returns, Papua New Guinea

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