Business

Call to have equal sharing of benefits from resources owned

The President of Resource Owners Federation PNG is urging the National Government to be a firm regulator in the Mining, Gas and Oil sector.

Jonathan Paraia said resource owners in the country have been pushed to the side by the Government in many of the projects.

He said if the Government takes centre stage, resource owners around the country will continue their struggle to claim benefits.

According to a report by Mineral Resource Authority, almost more than half of Papua New Guinea’s income comes from the Oil, Gas and Mining sector.

And with more explorations around the country, there is opportunity to pass the current rate. But the President of the Resource Owners Federation said there is no real benefit for resource owners.

Mr Paraia the Government must not interfere, but embrace resource owners for equal sharing of benefits.

Mr. Paraia believes benefits of the resources the country boasts about is not equally shared among the key stakeholders.

He said it is time the Government thinks of its people and provides that ownership platform to resource owners.

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