Landowners’ equity should be increased from two to five per cent : Basil

Sam Basil

Policy making within the mining sector is vital for economical, social and environmental sustainability in Papua New Guinea.

This was well-discussed during the Regional Mining Policy Consultation Program for the Momase region held in Lae, Morobe province.

According to the Department of Mineral Policy and Geohazards management’s mining policy handbook, its vision and mission statement was to promote the country as an investment destination for mineral exploration and mining. 

It also highlighted that it would improve the quality of life for all Papua New Guineans through wealth creation as a result of increased mineral exports and local participation, with fair economic returns for investors.

The review of the policy was challenged by the member for Bulolo and deputy opposition leader, Sam Basil, who said that the 2 per cent of the net proceeds of sales of minerals should be increased to 5 per cent.

“There should be fairness in terms of mineral royalty payments between the landowners and the government,” said Mr Basil.

He said that most of the time mining issues faced at the 

district level were not fully addressed at the national government level and even 

during mining policy review forums.

The department’s mineral policy and legislation division director, Harry Kore, said that by 2015 the department would have a globally competitive mineral policy and legislative framework and a state of the art geo-hazards management system. 

Mr Kore said under the Mining Act every mine developer must 

have a community engagement 

plan and grievance mechanism so that its operation is fully transparent and accountable towards the livelihood of the landowners.