Matthew Vari | Post Courier | November 30, 2018
The Wafi-Golpu Mine is set to be the very first gold project to incorporate the Extractive Industries Transparency Initiative provisions included in the agreements for the Wafi-Golpu Joint Venture projects set for the Morobe province.
PNG EITI National Secretariat head Lukas Alkan said this early this month when commenting on the push by government and the PNG EITI secretariat to ensure the initiative is rooted in current and future project prospects to ensure effective transparency on revenues in the extractive sector.
“Some of these projects are new projects where the forums are being conducted like Wafi-Golpu and the Freida River.
“The transparency mechanism has been, we are trying to build into those agreements. We started off with Wafi-Golpu project.
“The MoA negotiation that is ongoing there is a provisions there for EITI for reporting purposes in terms of disclosing project agreements,” Mr Alkan said.
He said the secretariat was also looking at the reviews being conducted with Pogera and the other mines.
“We also look at ensuring that transparency mechanisms are built into those revised agreements.
“This is the first time that we are trying to tie in the EITI mechanism into a project that is yet to start.
He said, on the same token, project agreements that have already been signed, the secretariat continues to have difficulties getting disclosure.
“The need for work on certain legislations and the requirements that prevent bodies such as EITI from having access will need to be done in order to have access,” Mr Alkan said.
A learning curve the secretariat will ensure the country maintain transparency with the country’s new major projects earmarked within the next decade.
“This time around we have been proactive to ensure that when the new project is coming on-stream we are making sure that EITI mechanisms are built into those MoAs or agreements so that triggers the disclosure of the agreements when they are signed,” he said.