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By Eric Tapakau (Post-Courier newspaper)
Many landowners continue to spend a majority of their benefits from the extraction of their minerals on immediate consumption rather than investment.
Mineral Resource Authority Managing Director Kepas Wali said this when speaking at the 2009 mining Seminar yesterday. His paper was titled "Mining Benefits and Responsible Equitable Distribution."
He said the distribution of benefits was far from equitable geographically or socially and lacked transparency.
Mr Wali said the provincial governments in the mining project affected areas also used a high proportion of mine related benefits for recurrent expenditure.
"Of the funds utilised for development purposes, the majority is allocated to public infrastructure rather than economic activities," Mr Wali said.
"The level of planning and transparency in the use of mine related benefits has been poor and the National Government has not provided planning or management support to the provinces."
He said as the mine closure approaches, provinces face the challenge of meeting higher recurrent budget commitments with less revenue.
"None of the mining provinces of LLGs (Local Level Governments) have established trust funds to meet future maintenance requirements," he said.
He said Papua New Guinea produced 63 tonnes of gold, 186 tonnes of copper and 50 tonnes of silver last year.
The revenue from that was K8.3 billion, representing 54 per cent of the country's total export merchandise in that year.
Operating mines to last year include Porgera (Enga Province), Ok Tedi (Western Province), Tolukuma (Central), Lihir (new Ireland), Sinivit (East New Britain), Simberi (New Ireland) and Hidden Valley in Morobe province.
Mining provinces of Western, New Ireland and Enga that hosted some of the biggest mines received up to K300 million in royalties from their mines in the last five years.
ORO..ORO..ORO!! (Oro means "Welcome" in the languages of the Northern Province of Papua New Guinea). The word conjures up images of graceful dancing warriors adorned with flamboyant headdress made from Bird of Paradise feathers and hornbill beaks, jabbing spears into the air, chanting "Oro...Oro..Oro" to visitors. With the same passion, I say "Oro..Oro..Oro" to you. Stories of my village Begabari, my province (Northern/Oro) and my beautiful country, Papua New Guinea will feature here.
LANDOWNERS STILL MISUSE BENEFITS
Posted by
Euralia Paine
on Friday, October 30, 2009
Labels:
SOCIAL ISSUES
By Eric Tapakau (Post-Courier newspaper)
Many landowners continue to spend a majority of their benefits from the extraction of their minerals on immediate consumption rather than investment.
Mineral Resource Authority Managing Director Kepas Wali said this when speaking at the 2009 mining Seminar yesterday. His paper was titled "Mining Benefits and Responsible Equitable Distribution."
He said the distribution of benefits was far from equitable geographically or socially and lacked transparency.
Mr Wali said the provincial governments in the mining project affected areas also used a high proportion of mine related benefits for recurrent expenditure.
"Of the funds utilised for development purposes, the majority is allocated to public infrastructure rather than economic activities," Mr Wali said.
"The level of planning and transparency in the use of mine related benefits has been poor and the National Government has not provided planning or management support to the provinces."
He said as the mine closure approaches, provinces face the challenge of meeting higher recurrent budget commitments with less revenue.
"None of the mining provinces of LLGs (Local Level Governments) have established trust funds to meet future maintenance requirements," he said.
He said Papua New Guinea produced 63 tonnes of gold, 186 tonnes of copper and 50 tonnes of silver last year.
The revenue from that was K8.3 billion, representing 54 per cent of the country's total export merchandise in that year.
Operating mines to last year include Porgera (Enga Province), Ok Tedi (Western Province), Tolukuma (Central), Lihir (new Ireland), Sinivit (East New Britain), Simberi (New Ireland) and Hidden Valley in Morobe province.
Mining provinces of Western, New Ireland and Enga that hosted some of the biggest mines received up to K300 million in royalties from their mines in the last five years.
PEACE & TRANQUILITY - Lilies on Lake Koena
PEACE & TRANQUILITY - Deu Waterfalls, the pride & joy of Paine family
ETHNIC JEWELLERY WITH GOLD
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2009
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October
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- 'PNG STILL POOR'
- LANDOWNERS STILL MISUSE BENEFITS
- NAMBAWAN SUPER'S NEW K60 MILLION OFFICE IN PORT MO...
- INTERNATIONAL CLIMATE CHANGE DAY - OCT 24
- POVERTY IS A GROWING ISSUE IN PNG
- ILLEGAL TAKEOVER OF PRIME LAND
- LAWS FOR KOKODA TOUR OPERATORS
- BREAST CANCER SURVIVOR - JOYCE MADU
- BILUM WEAR – WEAVING THE FABRIC OF PNG SOCIETY
- PUSHING THE LIMIT - THE GROWTH OF CITY PHARMACY LI...
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