Tag Archives: Patrick Pruaitch

Where to dump Frieda’s raw waste just a ‘technical issue’: Minister

Frieda River mine set to start operations 
[the Post Courier loves a misleading headline!]

Post Courier | March 09, 2017

The giant Frieda River mine in West Sepik is now 60 percent ready of becoming a reality with the National Government waiting to issue the mining license for the project to start after few technical issues are sorted out, says Aitape Lumi MP and Minister for Treasury Patrick Pruaitch.

“Frieda River is 60 per cent reality now, we are ready to issue the license. We just need to work through with the technical people to on how they will dump the raw waste.”

“The company has put an application to convert mine waste into power generation system , but the State does not have the capacity so it is doing its best to hire people to give the best advice on how we can look at that and we can give the okay for that 40 per cent to be completed, for 100 per cent to give the mining license for project to start,” Mr Pruaitch said.

Mr Pruaitch said this at the opening of the first ever Frieda Mine Landowners Forum underway in Port Moresby’s Crowne Plaza Hotel that started yesterday and will end today.

Mr Pruaitch urged the people to work together and put together their benefits package for the National Government to consider during the project negotiation.

” Let us not send mix signals, it will give opportunity for company to go divide a few LLGs and MP’s to start the mine with the least cost possible so we can bring in impacted development for that region,

“I believe that is a big project that will transform Sandaun Province and Sepik region including Madang. This project will spread benefits across the region.”

YUP, JUST LIKE OK TEDI HAS TRANSFORMED WESTERN PROVINCE; LIHIR HAS TRANSFORMED NEW IRELAND; PORGERA HAS TRANSFORMED ENGA; AND THE LNG HAS TRANSFORMED HELA PROVINCE

HOW ARE OUR POLITICIANS STILL ABLE TO SPOUT THIS NONSENSE AND NOT GET LOCKED UP IN LALOKI PSYCHIATRIC HOSPITAL?

OR MAYBE WE NEED TO CHANGE THE LAW TO MAKE PEDDLING FALSE CLAIMS AND PRAYING ON PEOPLES DESPERATION BECAUSE THEIR GOVT HAS FAILED THEM A CRIMINAL OFFENCE?

“I want initial support from landowners because if we don’t have a project, we will not talk about benefits. We have to have a project, we have to get a leg in and another one in than we can be able to negotiate for the benefits. If we are not supporting the project than we can be standing here as leaders driving a lost cost, we must have a project, we must have shareholding understanding with impacted landowners, we must have understanding with the Telefomin district, we must have that understanding with the Telefomin LLG and sandaun Provincial Government.”

“I want Frieda mine which is going to be the first mining for the next government to use LNG precedent to allocate these benefits.”

Landowners to discuss benefits amongst others

FRIEDA Mine landowners have come together to discuss issues including benefits for negotiations with the National Government and developer PanAust when Frieda Mine project comes into development.

Member for Telefomin Solan Mirisim who initiated the first ever landowner forum to discuss issues surrounding the Frieda River Project, the Political Leaders from the West Sepik Province. MRA and stake holders emphasised on how best they can work hand in hand and support the Company, landowners and the State to kick start the Project once the SM application is granted.

“I stand up here representing the views, the cries and the excitement of over 50,000 people from Telefomin District, including people from ward 21, particularly the seven impact Villages within the vicinity of Special Mine Lease area.”

Mr Mirisim said Telefomin is the host District of the Frieda River Project and is one of the most remotest districts in the country that has no road link, only mode of transport is by Air and the four LLG are all accessible by third level airline and it is very expensive District to deliver goods and services to our people on time.

“Frieda River Project is the only Project in this country that has taken over 40 years of exploration after exploration, I must take this time to thank many exploration companies who have worked on the Frieda River Project for many years to this time, it is long time awaiting for our People in Frieda River and Telefomin District.”

“I would like to thank the Highlands Pacific and the PanAust for taking the project closer to fruition. One final step to finish and we will have a world class Mine that will be mined and developed in our District which will no doubt create prime opportunity to impact and transform the lives of our people through employment, training, economic empowerment, contracts and all kinds.

“We want to see a Pathway that will improve our way of life, a pathway that will change the areas of Infrastructure, a pathway that will see a society transformed with Improved Social and Health Indicators.

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MCC to build $4bn Sepik industrial park

Chinese owned MCC love to describe the Ramu mine as world class...

MCC have struggled to build a simple pipeline in Madang, can they really build an industrial park in the Sepik?

Chinese investors set to build $4bn industrial park in Papua New Guinea jungle

Global Construction Review | 3 February 2017

China has agreed to build a vast industrial complex in a jungle region of Papua New Guinea (PNG) with factories processing tropical foods and minerals.

A memorandum of understanding was signed in December between a group of investors from the southern Chinese city of Shenzhen and the government of PNG, a small South Pacific country that shares the island of New Guinea with Indonesia, just north of Australia.

Patrick Pruaitch, the country’s treasury minister, told Reuters that the plan was to build two processing and manufacturing plants in West Sepik province, a dense jungle region in the north of the country about 30km from the Indonesian border.

One will process timber, fish, cassava and tropical spices and the other will handle steel, cement and other industrial products.

The projects are to be developed in phases at a final cost of $3.8bn. The government of PNG said it hoped construction would start in 2017, but the plans were “very long term”.

The main contractor for the parks is expected to be the Metallurgical Corporation of China, which was responsible for the main Chinese investment in the country to date, a $2bn nickel mine completed in 2012.

The PNG projects fall under the heading of China’s “One Belt, One Road” strategy, which is being extended from the classical Silk Road to Europe to include the 16th-century “Silver Road” to America, developed by the Spanish navigator Andres de Urdaneta.

According to Reuters, investors from the Chinese coastal province of Fujian are close to signing a deal to build a huge industrial centre that will turn PNG’s lumber into furniture.

The nominal GDP of PNG in 2016 was around $19bn, so the size of these Chinese investments are enormous relative to the country’s economy.

Other Chinese developments on the horizon in West Sepik are a copper and gold mine – mining company PanAust has completed a feasibility study and launched an application to begin work – and a dam to provide hydro power for these new sites and provide a disposal site for the mine’s tailings.

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PNG Ministers and MRA all set for Xmas shopping in Sydney

Prime Minister O'Neill, Treasurer Patrick Pruaitch, Mining Minster Byron Chan and

Prime Minister Peter O’Neill, Treasurer Patrick Pruaitch, Mining Minster Byron Chan and Petroleum and Energy Minister Nixon Duban will lead the exodus of Ministers, MPs, Governor’s and MRA staff to Sydney for tax-payer funded Xmas shopping next month

All set for Sydney conference

Post Courier | November 19, 2016

The PNG Mining and Petroleum Investment Conference in Sydney will give potential investors a comprehensive overview of the resource sector in Papua New Guinea.

The PNG extractive industry’s flagship summit is scheduled for December 5 at the Hilton Hotel in Sydney, Australia. Prime Minister Peter O’Neill and Treasurer Patrick Pruaitch open the conference and give presentations.

Over 900 delegates and exhibitors representing companies, state agencies, landowner, aid organisations and international investors and financiers will attend the 14th PNG Mining and Petroleum Investment Conference.

Other Cabinet ministers who will make presentations include Mining Minister Byron Chan and Petroleum and Energy Minister Nixon Duban while other ministers, provincial governors and members of parliament are expected to attend.

PNG Mining and Petroleum Chamber executive director, Greg Anderson, said the conference has always been a significant event for PNG, not only to showcase the country’s mineral and petroleum potential to the international market but also to provide investors and financiers a forum to meet industry players and discuss investment opportunities.

“Despite the depressed global commodity market situation and the impact this has had on the PNG economy, there are some exciting resource opportunities emerging in PNG.

Mineral exploration in recent years has resulted in the discovery and early appraisal of two significant copper-gold prospects – Kili Teke west of the Porgera mine, and in the Star Mountains north of the Ok Tedi mine,” he said in a statement yesterday.

“Lihir and Simberi are performing very well and Ok Tedi is well on the path to recovery. There have been two applications this year for Special Mining Leases for Frieda River and Wafi-Golpu projects.

“On the petroleum front, the PNG LNG project has proved to be one of the best LNG start-ups anywhere in the world. With nameplate capacity of 6.9 million tonnes annually, the project was able to ramp up production to a rate of 8 million tonnes per annum in the first quarter of 2016.

This has set the scene for further LNG investment in PNG through the P’nyang gas field in Western Province and the Elk-Antelope gas fields in the Gulf Province.”

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Has the Treasurer signed off on PNG’s EITI report?

PNG’s first Extractive Industries Transparency Initiative Report has been published but the signature of Patrick Pruaitch, the Treasury Minister and Chairman of PNG EITI, is noticeably missing.

History of the World Bank’s EITI project in PNG

Why has the Minister not signed?

In the interests of TRANSPARENCY can someone give us an honest explanation?

EITI report

eiti pruaitch

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