23.9 C
Port Moresby
June 14, 2021
Featured News

Binding framework agreement handed over to Enga Provincial Government

Share the News

Prime Minister James Marape with Barrick CEO Mark Bristow yesterday handed over the binding framework agreement to the Enga Provincial Government and the landowners of Porgera.

Speaking at the equity forum in Paiam, PM Marape outlined the outcome of the negotiations between the State and BNL.

Enga Governer Sir Peter Ipatas upon receiving the handbook applauded both the national government and Barrick for a fair and equally agreed proportion of the joint venture ownership of 51/49 per cent.

Barrick CEO Mark Bristow urged all stakeholders including landowners to share the responsibility in the success of the Porgera mine in ensuring that all parties benefit ones the mine is reopened.

The Landowners and Enga Province will now discuss on how the breakup of the 10 per cent equity will be allocated.

Meanwhile the 5 percent interest will remain with the Enga provincial government.

Related posts

Plot twist director Shyamalan goes for horror in ‘The Visit’

EMTV Online

Landowners planning to boycott coming election

EMTV Online

Tiensten On East New Britain Autonomy

EMTV Online
error: Content is protected !!