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By Staff Reporter : PNG Today

Namatanai MP Schnaubelt queries Lihir Royalties

Namatanai MP Walter Schnaubelt has tasked the New Ireland Provincial Government to explain the whereabouts of his district's share of mine royalties, as per an Agreement with the Lihir Gold Mine.

He says since the start of the mine's operations in 2007, his District has not received its 20 per cent share of the funds.
Mr Schnaubelt told NBC Radio the New Ireland Government must furnish expenditure reports of the payments.
"The concern now is the 50% portion blong New Ireland Provincial Government which is responsible to dispatch 20% to Namatanai district and 20% to Kavieng district na 10 percent is retained by the provincial government blo administration purposes.
"Orait, the provincial government component paid to date is K264m and you know since 2007 i kam nao, Namatanai district and Kavieng district have missed out on their 20% share."
NBC News/PNG Today

Posted by Staff Reporter : PNG Today on 3:53 AM. Filed under , . You can follow any responses to this entry through the RSS 2.0. Share this Article

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