News February 2. 01. News 0. 2. 2. 01. Source: PNGexposed. Gunshots fired as factions dispute detention of Peter Sharp boatsvia Facebook. Reports are emerging from Buka that gunshots have been fired between two factions, one from mailand Bougainville and the other from small Buka. The commotion is taking place on Buka wharf where the faction from the mainland are still holding on 2 or 3 Peter Sharp’s vessels. There is disagreement from the faction from small Buka about the demands being made of Peter Sharp by the other faction. One small group want Peter Sharp’s ships in Buka to be released while the majority want the ships to remain in Buka until those that lost their lives in the recent tragedy are compensated and the results of the official investigations are made known to the public. Source: ESBCThe "Bougainville Kina"Find out more by clicking on one of the three headlines: 2. Source: ESBC Research. Turn- around ? BOC shares soared 8 percent on Friday. This is rather unusual as the turn- over in Bougainville Copper shares used to be rather lame on Fridays in general! PM Friday, February 2. Level. Quantity. 1 2. Quantity. Level. 0. Source: Post- Courier. Rare diamond found in Australia. Mining giant Rio Tinto said it has unearthed a “remarkable” 1. Australia, the largest of the rare and precious stones ever found in the resources- rich nation. St. Martin News Network. à l'unanimité des votes exprimés par le centre et la gauche. an entirely new remote system will be installed in the control tower. · Last week, news broke a network of fake Russian trolls bought at least $100,000 in ads from Facebook between June 2015. We apologize for the inconvenience, if you are not satisfied you can use the credit for another question in future. Thank you. Important . · Website not available but cached site at http:// training component based on the. not resolve all forms of electoral fraud and. · US Department of State. it was not until November 2012 that. these areas did not experience significant electoral violence, so it is not. Read CNN News18 breaking news. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News. 3rd August 2012. ELECTORAL Commissioner Andrew Trawen says the 2012. above in 2007 not fixed in time for 2012? editions of Social Concerns. Named the Argyle Pink Jubilee, the huge rough stone was found at Rio’s pink diamond operations in the Kimberley region of Western Australia and would take 1. Wednesday.“This rare diamond is generating incredible excitement. A diamond of this calibre is unprecedented - it has taken 2. Argyle production to unearth this stone and we may never see one like this again,” said Josephine Johnson from Rio’s Argyle Pink Diamonds division.“The individual who gets to wear this remarkable pink diamond will be incredibly lucky indeed.”The light pink Argyle Jubilee is a similar colour to the 2. Williamson Pink given to Britain’s Queen Elizabeth II as a wedding gift which was later set into a Cartier brooch for her coronation. The Williamson was discovered in Tanzania in 1. Rio produces more than 9. Argyle mine, and said large stones like the Jubilee typically went to museums, were gifted to royalty or end up at prestigious auction houses like Christie’s. Christie’s had only auctioned 1. Rio said. When the Jubilee diamond has been cut and polished it will be graded by international experts and showcased globally before being sold by invitation- only tender later this year. Source: Post- Courier. K1. 00 billion for you! By PETER KORUGLThe Government anticipates that a staggering K1. Sovereign Wealth Fund (SWF).“We are talking in excess of some US$3. K1. 00 billion. That is a lot of money,” Prime Minister Peter O’Neill explained in an exclusive interview with the Post- Courier yesterday. Mr O’Neill said that the money was from just one LNG project but when the revenue from the second LNG project as well as the other resource projects were channelled into that fund, the amount would be astronomical.“This is 1. This is going to be a very important fund and we have to manage it properly. It can only get bigger if we manage it properly.“Off course, there are other Sovereign Wealth Funds around that world that have got trillions of dollars but ours is just starting. As we progress, this will increase and we will draw down on the fund to stabilise our economy when it slows down,” Mr O’Neill said. Mr O’Neill said the decision by the Government to establish the SWF was to ensure that revenue from the resource developments were not squandered but used properly to improve the standard of lives of the people. He said PNG did not want to go down the track that was taken by many African countries. We have the symptoms already. PNG has a high population, a high unemployed population, a high illiterate population and high youth population with very little opportunities. These are recipes for disaster if we do not manage them properly, we can destroy the stability of the country. We can deal with these issues by educating our people and managing our SWF well,” Mr O’Neill said. Mr O’Neill explained the role of the SWF a day after Parliament passed the Bill to establish the SWF for Papua New Guinea unopposed. The first vote on the bill presented by Mr O’Neill was 8. Mr O’Neill thanked Members of Parliament for passing the bill to establish the sovereign wealth fund.“The establishment of the fund is very important for our nation’s development. The fund gives us the opportunity to protect and grow surplus wealth from the export of our mineral resources, and our oil and gas,” Mr O’Neill said.“So much revenue has flowed to the government from Bougainville Copper mine, Ok Tedi, Misima Mine, and Porgera in the past. But if you look around you, what is there in the country to show for this massive wealth generated from these projects? Virtually nothing.’’2. Source: Post- Courier. Mining Act to be reviewed. The Mining Act will be reviewed with the view to increase landowner participation in mining projects in the country, Deputy Prime Minister Belden Namah has promised. Speaking at a meeting in Parliament on Wednesday in which Department of Mining officials made presentations to highlight impediments the industry would face if the Boka Konda Bill became a law, Mr Namah led a chorus of calls from MPs and other participants at the meeting for increased landowner participation. Mr Namah said he would support the bill and called on proponents and critics of the bill to work together so the final form that goes to Parliament is acceptable to all the players.“A review of the Mining Act is long overdue. “Landowners should not be mere rent and royalty takers. They should be a major partner in the extraction of resources from their land. This can be achieved through the production sharing arrangement that is working well in many countries,” Mr Namah said. Mr Namah said the notion that the Bill would scare away investors was nonsense. He gave Trinidad as an example, where oil giant BP protested the introduction of production sharing arrangement and left, warning no investors would go to invest there under that regime. The Chinese and French moved in, and the country is now enjoying the benefits of the production sharing arrangement.“People say the bill would scare away investors. Those who want to leave can leave. There will be others lining up at the door to replace them,” Mr Namah said. He urged MP Boka Konda to look at 4. Government. He said the issue of exploration and sunk costs should not be considered impediments, as that would be shared by all partners. Mr Namah, who is Minister for Forest and Climate Change, said similar change to increase landowner participation would be brought to the forest industry. Mr Kondra has three bills on the Notice Paper. They are the Mining (amendment bill) Act, the Land (amendment) Bill 2. Oil and Gas Amendment Bill 2. Source: The National. Namah wants laws on mining reviewed THE Mining Act will be reviewed to increase landowner participation in mining projects, Deputy Prime Minister Belden Namah said. He was speaking at a meeting in parliament on Wednesday where Mining Department officials highlighted impediments the industry would face if the Boka Kondra Bill became law. Namah and MPs called for increased landowner participation. He said he would support the bill and called on proponents and critics of the bill to work together so that the final form was acceptable to all.“A review of the Mining Act is longoverdue. Landowners should not be mere rent and royalty takers.“They should be a major partner in the extraction of resources from their land.“This can be achieved through the production sharing arrangement that is working well in many countries.”Namah urged Kondra to look at a 4. He said the issue of exploration and sunk costs should not be considered impediments, as that would be shared by all partners.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2017
Categories |