Post Courier | December 5, 2018
Mining Minister Johnson Tuke told the Mining and Petroleum Conference in Sydney that proposed amendments to the Mining Act (1992) will be made next year.
He said this despite previous indication of last month being the sitting that would introduce the proposed amendments.
Citing concerns from the industry and the need for independent review from within government circles, he said the amendment would still take place nonetheless citing an over 9 years consultative period.
“One of the principle priority for my ministry was to ensure the proposed mining bill is introduced in parliament in the November session in accordance with the NEC decision No 8 of 2018,’’ he said.
“The ministry had put together a working team comprising the Department of Mineral Policy and Geohazards Management, the Mineral Resources Authority, the Department of Treasury and the Office of the State Solicitor and the First Legislative Council under the oversight of the Chief Secretary to Government to prepare the mining bill for introduction in parliament, however, certain considerations have pushed the introduction of the mining bill to 2019.
“Let me say at this juncture that the mining bill and the new policies are necessary for the effective regulation of the mining industry in PNG.
“The review of the mining act was done by Papua New Guineans on both sides of the table who are well experienced in their respective fields of employment.
“The nine years of review, which three, specifically with the mining industry is testament to the scrutiny the review has undertaken.”
He also assured the industry and potential investors that the policy and legislative changes proposed by government intend to establish a foundation for growth and prosperity for the country in the years to come.
“The aspiration to protect the rights and interests of our investors is of paramount interest to the government,’’ Mr Tuke said.
“By the same token, the aspiration to ensure the rightful benefits are due to our people is also of paramount interest to the government.
“Finding the balance that best serves our collective interests and aspirations is what we have to do collectively in a responsible manner.
“While the industry has the duty to serve its respective boards, we as the leaders of the country also have the responsibility ultimately to serve our people.”